Review Mortgage Lenders

Alterna Mortgage Company

Address: 6950 SW Hampton St Ste 218 Portland, OR 97223
4315 SW Iowa Street Portland, OR 97221

Alterna Mortgage is a small Portland, OR-based mortgage company, owned by Scott Bennett. Alterna Mortgage in Portland, OR is a private company categorized under Mortgages. Our records show it was established in 2010 and incorporated in Oregon. Current estimates show this company has an annual revenue of $130,000 and employs a staff of approximately 2.
Products or Services: Bad Credit Debt Consolidation Loans, Home Mortgage Refinance Loan, Home Equity Line Of Credit Calculator, Mortgage Loan Rates and Online Mortgage Information. - Home Page

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Five harsh realities of rising rates for savers and borrowers

It’s a borrower’s world. Savers just live in it. You can see this in the way banks promptly announce how they’re adjusting the cost of mortgages when interest rates rise. Comparable bulletins about higher rates for guaranteed investment certificates and savings accounts are rare to non-existent.

GICs and savings rates will drift higher, but not in the same regimented way as mortgage, loan and line of credit rates. And when GIC rates do move higher, they’ll still lag well behind the inflation rate in many cases.

Explainer: How the rate hike affects homeowners and buyers

Related: Rising rates: An investor’s guide to a new era

If you’re parking more than $100 in a big bank savings account, move along. As of Wednesday, you could get savings rates of 1.65 per cent or more with the protection of Canada Deposit Insurance Corp. from Alterna Bank, EQ Bank, Oaken Financial and Zag Bank. Big banks pay 0.5 per cent if you’re lucky.

Home Capital seeks to reassure investors amid turnaround efforts

Among the challenges are Home Capital’s ongoing search for a new chief executive officer and chief financial officer, and its need to stabilize its capital structure at a reasonable cost.

For subscribers: Home Capital deposits soar after backing from Warren Buffett

For subscribers: Exclusive: Buffett on how he struck the Home Capital deal

In addition, the company is mulling asset sales or other deals to shore up capital and there are some lingering concerns about the strength of the country’s housing market. Even the value of Mr. Buffett’s involvement is in question as shareholders expressed concerns over the possible dilution of their shares as Berkshire Hathaway plans to nearly double its investment.

“It is too early to declare victory,” Home Capital director Alan Hibben told a subdued crowd in Toronto, adding that the company would seek to slow the shrinkage of the balance sheet and eventually look to grow mortgages again. “However, we’ve accomplished a lot and look forward to a more stable and profitable future.”