Consolidating debt with td
TD employs a number of online tools to aid your purchase decision, such as the Home Buyer's Checklist, a printout used to compare details on different properties; a mortgage terms glossary; a home life e-newsletter; tips on saving money to finance your home, and information on associated homebuyers insurance.Above and beyond standard fixed and variable mortgage rate products, with the associated open or closed terms, TD offers a variety of specialty mortgage products outlined below.Once the term is finished, any remaining balance will move to the variable rate. This variable rate changes whenever TD Prime Rate changes You also have the option of protecting yourself from interest rate increases and establishing regular fixed payments though a Fixed Rate Advantage Option (FRAO)FRAO means you can convert all or a portion of your outstanding balance to a fixed interest rate with fixed payments for a specific term.When the term is finished, the remaining outstanding balance moves back to the revolving portion which is at a variable rate Minimum amount for a FRAO is ,000 Enjoy a competitive variable interest rate.Get flexible access to ongoing credit based on the appraised value of your home.Using your home as security may result in a lower interest rate compared to other credit products.TD's Six-Month Convertible Mortgage is a six-month mortgage with the option of converting to a longer closed term at any time at no cost to you.The 5% Cash Back Mortgage applies to TD's six-year fixed-rate residential mortgage, whereupon TD will give you cash in an amount equal to 5% of the mortgage principal, up front.
As with all the rates displayed on Ratehub.ca, TD mortgage rates are updated every day and can be found above.The mortgage application itself can be overwhelming, so be prepared to share and have ready a variety of sources of information such as annual income, employment information, existing assets and liabilities, and financial history.TD Canada Trust is TD Bank Financial Group's personal and small business banking division.For all TD mortgages, payments can be increased by up to 100% over the term without charge, and, with the exception of the 1-year Open Mortgage and the 5-year Open Variable Interest Rate Mortgage, you can pay down up to 15% of your original mortgage amount each year.TD is one of Canada's largest banking institutions, with an established history and network of trust, such that if you have an existing relationship with them, it is natural for you to consider them first for your mortgage and consolidating your services.
The Green Mortgage makes you eligible for a 1% discount off the posted interest rate and up to a 1.5% cash rebate when you make ENERGY STAR qualified purchases or the purchase of CSA approved solar panels.