Quote:
Originally Posted by donk.
On my last purchase, HSBC took 1.5 weeks more than the others to get back to me.
You are dealing with the hongkong and shanghai banking corp after all
You dont ask for a rate..... You ask for a mortgage, and the rate is whatever they tell you it is.
The only time you "ask" for a rate, is when someone else offered you a lower number, and you "tell" them your going with the other bank unless they match it.
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My experience too. HSBC was happy to lower/match rate... once I had a letter from TD showing what TD was willing to offer. (I went with HSBC in the end due to some additional flexibility with their HELOC + $3K cashback they threw in.)
EDIT: That said I have to give HSBC credit on being very speedy with my mortgage. Approval within 2 days, documents to my lawyer a day after. Richmond No. 3 road branch.