Scotiabank
Scotiabank eHome new 3-4-5 year Mortgage Rates
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- monty06si
- Newbie
- Oct 18, 2009
- 12 posts
- 29 upvotes
- Brampton
- lhsonic
- Deal Addict
- Oct 4, 2004
- 4349 posts
- 1588 upvotes
- Vancouver
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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- jeeva86
- Deal Fanatic
- Jul 4, 2005
- 9018 posts
- 2816 upvotes
- Ottawa
Can you see the rates before they do a hard check?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.
- lhsonic
- Deal Addict
- Oct 4, 2004
- 4349 posts
- 1588 upvotes
- Vancouver
- cdndsi
- Banned
- Sep 22, 2009
- 212 posts
- 222 upvotes
- Toronto
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.
- GreatFlagDeals
- Newbie
- Oct 7, 2020
- 6 posts
- 2 upvotes
- lhsonic
- Deal Addict
- Oct 4, 2004
- 4349 posts
- 1588 upvotes
- Vancouver
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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- phatbabyy
- Newbie
- Jul 18, 2007
- 52 posts
- 27 upvotes
When you start the official mortgage application, it will show you the current rates and gives you an option to 'unlock' the current rates.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!
- Dealgains
- Jr. Member
- Mar 6, 2018
- 120 posts
- 158 upvotes
- Ontario
Pmed you the detailsGreatFlagDeals wrote: ↑ Another first post.
Dealgains- Can you message me your BMO contact also?
Thanks
REALTOR®
- MelodyH32476
- Newbie
- Oct 6, 2018
- 9 posts
- 1 upvote
- bingo_jake
- 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
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
- GSG Flash
- 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).
I submitted our application last week Monday but have yet to receive a response(and no specialist has been assigned to us yet either).
- Mnmlist
- Newbie
- Oct 13, 2020
- 3 posts
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.
- Mnmlist
- 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.
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.
- AndrewBC
- Newbie
- 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?
- Autumnz
- 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.
Can u also pm me the bmo contact? We are thinking of switching our mortgage over from rbc. Thank u.
- ggstyle
- Newbie
- Oct 15, 2020
- 2 posts
Hi, can I get the bmo contact information as well?
- aaleemm
- Jr. Member
- Jul 21, 2017
- 165 posts
- 38 upvotes
- PannTher
- 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
Wanting to switch from TD.
Cheers
- Elysianlight
- 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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