Posted on: 31-10-08 10:46:35
How is this offer ? Expires today though.
The link is not working, pl check http://www.scotiabank.ca" rel="nofollow">LINK
Get the upper hand 4.35 % , 12 month fixed rate mortgage.
"Now is the time to find out more about the special 4.35% rate on our Save Now, Save Later® Mortgage.
You save now with this great rate. And you will save later because we will give you a guaranteed 1.25% off the posted rate should you choose to renew to a 5-year fixed rate closed-term mortgage. Better yet, you can choose to convert to a five year term anytime during the first year of this mortgage, and still take advantage of this offer."
Quote:
Originally posted by Aashu
How is this offer ? Expires today though.
The link is not working, pl check http://www.scotiabank.ca" rel="nofollow">LINK
Get the upper hand 4.35 % , 12 month fixed rate mortgage.
"Now is the time to find out more about the special 4.35% rate on our Save Now, Save Later® Mortgage.
You save now with this great rate. And you will save later because we will give you a guaranteed 1.25% off the posted rate should you choose to renew to a 5-year fixed rate closed-term mortgage. Better yet, you can choose to convert to a five year term anytime during the first year of this mortgage, and still take advantage of this offer."
Given the uncertainty and the rate environment we are in where variable rates are prime + 1%, this Scotia offer is one of the best available in market.
I am advising my clients to go for this rate for the time being and decide 1 year later the best product as per market conditions at that time.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Thankyou Pramodji, although I can call bank and ask but if you know quickly, can you pl let me know if someone can not take mortgage today, and as this offer expires today, is it possible to take something like rain check for this rate / offer ?
Quote:
Originally posted by Pramod Chopra
Quote:
Originally posted by Aashu
How is this offer ? Expires today though.
The link is not working, pl check http://www.scotiabank.ca" rel="nofollow">LINK
Get the upper hand 4.35 % , 12 month fixed rate mortgage.
"Now is the time to find out more about the special 4.35% rate on our Save Now, Save Later® Mortgage.
You save now with this great rate. And you will save later because we will give you a guaranteed 1.25% off the posted rate should you choose to renew to a 5-year fixed rate closed-term mortgage. Better yet, you can choose to convert to a five year term anytime during the first year of this mortgage, and still take advantage of this offer."
Given the uncertainty and the rate environment we are in where variable rates are prime + 1%, this Scotia offer is one of the best available in market.
I am advising my clients to go for this rate for the time being and decide 1 year later the best product as per market conditions at that time.
Quote:
Originally posted by Aashu
Thankyou Pramodji, although I can call bank and ask but if you know quickly, can you pl let me know if someone can not take mortgage today, and as this offer expires today, is it possible to take something like rain check for this rate / offer ?
Quote:
Originally posted by Pramod Chopra
Quote:
Originally posted by Aashu
How is this offer ? Expires today though.
The link is not working, pl check http://www.scotiabank.ca" rel="nofollow">LINK
Get the upper hand 4.35 % , 12 month fixed rate mortgage.
"Now is the time to find out more about the special 4.35% rate on our Save Now, Save Later® Mortgage.
You save now with this great rate. And you will save later because we will give you a guaranteed 1.25% off the posted rate should you choose to renew to a 5-year fixed rate closed-term mortgage. Better yet, you can choose to convert to a five year term anytime during the first year of this mortgage, and still take advantage of this offer."
Given the uncertainty and the rate environment we are in where variable rates are prime + 1%, this Scotia offer is one of the best available in market.
I am advising my clients to go for this rate for the time being and decide 1 year later the best product as per market conditions at that time.
You do not have to take the mortgage today, however, you should have an agreement of purchase in place and the deal should close in 120 days.
In broker channels, this offer is only available for LIVE DEALS and not for pre approvals and the deal must close in 120 days. It was a special offer running from Oct 11 to Oct 31 and is expiring today. However, seeing the conditions in the market, they may renew it but may ask a little higher rate as no other bank is offering 1 year term at this rate right now.
Having said that, try to call a Scotia Branch and see if they are willing to give you this for pre approval as well.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
I called and this offer has been extended until Nov 15th now.
Quote:
Originally posted by Aashu
I called and this offer has been extended until Nov 15th now.
Good for you.
Do you have an agreement in place or they would give you a pre approval?
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
No agreement yet.
