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?
Hey, TD Bank here. The answer to your question is yes! The monthly award is cash and winners can use it toward home improvements. We are so excited to support our customers and pay off a mortgage. Thanks for being a fan. It means a lot to us.