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Scotiabank

Scotiabank eHome new 3-4-5 year Mortgage Rates

  • Last Updated:
  • Nov 27th, 2020 2:47 pm
Newbie
Oct 18, 2009
12 posts
29 upvotes
Brampton
Dealgains wrote: ReadtoSave sent you the info
any chance you’d be able to PM your BMO contact as well please?

Thx
Deal Addict
User avatar
Oct 4, 2004
4349 posts
1588 upvotes
Vancouver
TimeRunz wrote: Anyone willing to share what they're getting at ehome now? Or has it been the same? Been eyeing the 4-year fixed
For a mortgage amount of approx. 450K, their current special offer rates were 4-yr 1.82% or 5-yr 1.67% fixed. The rates actually went up with shorter terms (2-yr 1.87%).

I'm not sure if these rates vary depending on the mortgage amount, location and profile. You can check the rates yourself as it doesn't require you to submit any application. Start the pre-approval process and you'll see the rates available after inputting your desired mortgage amount.
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Deal Fanatic
User avatar
Jul 4, 2005
9018 posts
2816 upvotes
Ottawa
lhsonic wrote: For a mortgage amount of approx. 450K, their current special offer rates were 4-yr 1.82% or 5-yr 1.67% fixed. The rates actually went up with shorter terms (2-yr 1.87%).

I'm not sure if these rates vary depending on the mortgage amount, location and profile. You can check the rates yourself as it doesn't require you to submit any application. Start the pre-approval process and you'll see the rates available after inputting your desired mortgage amount.
Can you see the rates before they do a hard check?
Deal Addict
User avatar
Oct 4, 2004
4349 posts
1588 upvotes
Vancouver
jeeva86 wrote: Can you see the rates before they do a hard check?
I sure hope so. The consent for a credit check and T&C is at the very end of the process.
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Banned
Sep 22, 2009
212 posts
222 upvotes
Toronto
lhsonic wrote: I sure hope so. The consent for a credit check and T&C is at the very end of the process.
Not the case when i checked with BMO contact. I was unofficially quoted 1.70 fixed for 5 years but they wanted to go through application process. Good thing i spoke with my current bank and they came back with 1.72 5 year fixed. i signed with them.
Deal Addict
User avatar
Oct 4, 2004
4349 posts
1588 upvotes
Vancouver
cdndsi wrote: Not the case when i checked with BMO contact. I was unofficially quoted 1.70 fixed for 5 years but they wanted to go through application process. Good thing i spoke with my current bank and they came back with 1.72 5 year fixed. i signed with them.
I was referring specifically to the eHome pre-approval process. The rates are displayed very early on when you start the pre-approval process. What I meant was that you don't even need to submit the pre-approval application, you just have to start the process, meaning no credit check.

In your case, an "unofficial" quote doesn't mean much. A pre-approval is no guarantee for anything either, but it does give you a locked in rate for a period of time. You can also bring your pre-approval or any other quoted rate to a competing bank to see if they can match it. It's a good idea to mortgage rate shop once you have an offer sheet and need to formally apply. The pre-approval only gives you a general idea of what you will qualify for (shows a maximum qualification amount) and has a high likelihood of being approved as long the numbers on your documents match up with what you provided during the pre-approval.
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Newbie
Jul 18, 2007
52 posts
27 upvotes
MelodyH32476 wrote: Hi guys (who applied for Scotia e-home pre-approval),

Do we get the rate adjustment when the rates drop in general? I applied in Aug and at that time most people got the 30-yr amortization, 5 yrs fixed-rate at about 1.75-1.79%. I got 1.77% locked until the end of December. Now, looks like a lot of people who recently applied can get as low as 1.6ish%.

Thanks!
When you start the official mortgage application, it will show you the current rates and gives you an option to 'unlock' the current rates.
Jr. Member
Mar 6, 2018
120 posts
158 upvotes
Ontario
GreatFlagDeals wrote: Another first post.
Dealgains- Can you message me your BMO contact also?
Thanks
Pmed you the details :)
REALTOR®
Newbie
Oct 6, 2018
9 posts
1 upvote
phatbabyy wrote: When you start the official mortgage application, it will show you the current rates and gives you an option to 'unlock' the current rates.
thanks a lot!
Deal Addict
Mar 25, 2006
1705 posts
628 upvotes
Toronto
what's the best 5 years fixed un-insured Scotia is offering? is there any cashback?

just want to know if HSBC 1.69% with up to $3000 cashback for 5-years fixed is still the best at the moment or can Scotia match it or give better rates.

Thanks in advance
Newbie
Oct 20, 2005
71 posts
5 upvotes
Ottawa
How long does it typically take for the eHome mortgage specialist to respond?

I submitted our application last week Monday but have yet to receive a response(and no specialist has been assigned to us yet either).
Newbie
Oct 13, 2020
3 posts
Dealgains wrote: Pmed you the details :)
New to RFD so excuse me if I have poor etiquette but would you mind sending me the contact information too? I reached out to a BMO rep and they were offering:

- 1.9% on a 5 yr fixed with $1,200 cash back for 20% on a $600K owner occupied condo.
- 1.86% on a 3 yr fixed with the same as above.
Newbie
Oct 13, 2020
3 posts
Would love to get the contact info as well please!

Was able to get 1.9% on a 5 yr fixed and $1,200 cash back at BMO. 1.86% on a 3 yr fixed.
Newbie
User avatar
Sep 18, 2013
74 posts
31 upvotes
Victoria
1.69% APR on a 4 year fixed vs 1.87% APR on a 5 year fixed renewal... what wins?
Newbie
Oct 15, 2020
1 posts
Hi,

Can u also pm me the bmo contact? We are thinking of switching our mortgage over from rbc. Thank u.
Jr. Member
Jul 21, 2017
165 posts
38 upvotes
Dealgains wrote: You can now get as low as 1.67% for 5 year fixed with 25 year amortization plus $3k cashback (expires oct 31) if your mortgage is $750,000 or higher.
Is this for insured or uninsured mortgage?
Deal Addict
Dec 16, 2010
1096 posts
1354 upvotes
Canada
Hi, can I get the contact info as well please?

Wanting to switch from TD.

Cheers
Member
Feb 23, 2017
308 posts
255 upvotes
I'm pretty sure my mortgage is like 3.29 on a 5 yr fixed. I got it may 2019. Should I refinance ? I'll look it over to double check.

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