I was offered a pre-approved $15,000 business line of credit from Scotiabank, over the phone, at the beginning of October. I think it`s prime + 1.99. Whatever the rate, I was surprised to see them actively offering credit like that.
As for mortgage, I have an initial teaser rate until Jan/09 of prime minus 2.35%, which has been really handy while I`ve been fixing up the house and it`s been empty. I had assumed that when the regular rate (prime minus 0.25%) kicked in I would convert to a fixed term, but this thread is giving me second thoughts.
As for mortgage, I have an initial teaser rate until Jan/09 of prime minus 2.35%, which has been really handy while I`ve been fixing up the house and it`s been empty. I had assumed that when the regular rate (prime minus 0.25%) kicked in I would convert to a fixed term, but this thread is giving me second thoughts.