TD Mortgage
Although TD Canada Trust offers a couple of unique mortgage products, TD mortgage may or may not be the ideal lender for you or your situation.
If you are interested in a TD bank mortgage product or would like to compare other products to TD mortgage rates, please call today or apply online.
Use our mortgage calculator to give you an idea of how much you can afford.
5% Cash Back Mortgage
TD bank mortgage offers the coveted 5% Cash Back mortgage. This is a great product for first time home buyers with no down payment or savvy investors. TD mortgage offers this product in 5, 6, 7 and 10 year fixed rates. Because this product is utilized by high-ratio and higher risk borrowers, the product usually carries a premium in terms of rate. The 5 year 5% Cash Back mortgage rate is usually 1.25% or more higher than their traditional 5 year discounted rate. At these historic lows in interest rates, this is still a fantastic rate for someone who wants to buy a house with very little down payment.
For more information on how to obtain a property with ‘0%’ down, look for the article in our first time home buyers section.
Multi Unit Residential Properties (5+ units)
TD Canada Trust Mortgage offers mortgages for rental properties with 5 or more units. TD mortgage offers up to 75% financing on these types of properties. Other lenders have the capability of offering up to 85% loan to value.
Other TD Canada Trust Mortgage Products Available
- High ratio mortgages – up to 95% loan to value
- Rural mortgage
- Farm mortgage
- Home equity line of credit
TD Mortgage Terms Available
| Fixed Rate: | 1, 2, 3, 4, 5 , 6, 7 + 10 year |
| Variable Rate: | 5 year |
| Convertible: | 6 months |
| Closed: | 1, 2, 3, 4, 5 , 6, 7 + 10 year fixed rate |
| Open: | 1 year fixed rate, 5 year variable |
TD Canada Trust Mortgage Payment Options
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Weekly
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Biweekly (accelerated)
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Semi-monthly
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Monthly
TD Mortgage Pre-payment Options
- Double your payments.
- Pre-pay up to 15% each year on the original balance of your mortgage without penalty.