The East Coast commercial bank is going to pay off the mortgage of one lucky homeowner (up to $250,000). Anyone who applies for a TD Bank mortgage between March 7 and April 30 will be entered into the drawing. (Existing TD Bank mortgage customers are automatically entered).
The bank is also going to award $2,500 to six weekly winners, to go towards a mortgage payment.
I wonder if the $2,500 HAS to go towards the mortgage payment. Can you use it to, say, buy new flooring?
At any rate, sounds like a good deal to me, especially if you are an existing TD Bank customer.
I'm intrigued by the marketing plan. Will the chance at a free mortgage be enough to persuade would-be homebuyers to do business through TD Bank? Would you?