Today's Mortgage Rates1
TD Special Mortgage Rates
Mortgage Options
Check out Ontario mortgages.
A fixed rate mortgage offers stability, and with it, peace of mind. Once you’ve selected your term, you can be assured your interest rate won’t change for that period of time.
You can choose the term length: 6 month, 1, 2, 3, 4, 5, 6, 7 or 10 years.
Payment options:
Term
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Rate1
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1 Year Fixed Closed
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Posted rate:
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2 Year Fixed Closed
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Posted rate:
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3 Year Fixed Closed
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4 Year Fixed Closed
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Posted rate:
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5 Year Fixed Closed
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6 Year Fixed Closed
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Posted rate:
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7 Year Fixed Closed
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Posted rate:
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10 Year Fixed Closed
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Posted rate:
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A 6 month convertible mortgage is designed to give you maximum flexibility. If you’re not ready to commit, you only need to stick with your fixed interest rate for this minimal term.
When it comes time to renew, and we offer you a renewal, you can keep selecting a 6 month term until you’re ready to secure a longer-term interest rate. When you feel interest rates are favourable, you can choose to convert to a longer term any time you want.
Payment Options:
Go beyond your basic payment schedule. Make occasional prepayments, anytime you want with no charge. If you find you’re not making use of the chance to add extra payments, you can convert to a closed mortgage with a lower interest rate anytime you like at no charge.
(If you convert to a closed mortgage, you cannot select a 6 month term.)
Payment options:
TD Mortgage Prime Rate is 2.60%
If TD Mortgage Prime Rate goes down, more of your principal and interest payment will go toward paying down your principal. If the TD Mortgage Prime Rate goes up, more of your payment will go toward paying the interest.8
You can lock in your interest rate by converting to a fixed rate mortgage at any time. Term selected must be at a minimum the lesser of three years or the remaining period of the original term.
Payment options:
TD Mortgage Prime Rate is 2.60%
With a variable rate mortgage, the interest rate can fluctuate along with any changes in our TD Mortgage Prime Rate. Your principal and interest payment will stay the same for the term, but if the TD Mortgage Prime Rate goes down, more of your payment will go towards the principal. If the TD Mortgage Prime Rate goes up, more will go towards interest. If your interest rate increases so that the monthly payment does not cover the interest amount, you will be required to adjust your payments, make a prepayment, or pay off the balance of the mortgage.
You can also lock in your interest rate by converting to any fixed rate mortgage at any time. Your regular payments will remain the same.
Payment options:
Term portion
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Revolving portion
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Lock all or a portion of your balance with a fixed closed term of 1 to 5 years or a 1 year fixed open term to establish regular fixed payments.
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Enjoy competitive rates based on TD Prime Rate.
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If you've made an offer, complete your mortgage application online now!
Ready to start your pre-approval? Have a TD Mortgage Specialist call you.
Visit a branch at a time that’s convenient for you.
Meet with a Mortgage Specialist at your home, workplace, coffee shop, or other convenient location.
1 These rates are only available for new first priority mortgages on already built, owner-occupied properties with amortization periods of 25 years or less and are subject to meeting TD Canada Trust credit granting criteria. Rates may be changed at any time without notice.
2 Rates may be changed, extended or withdrawn at any time without notice. Rates are discounts off of posted rates.
3 Special rates are discounts off of posted rates.
4 The Annual Percentage Rate (APR) is based on a $300,000 mortgage, 25 year amortization, for the applicable term assuming monthly payments and fee to obtain a valuation of property of $300. If there are no fees, the APR and interest rate will be the same. APR is rounded to two decimal places.
5 Assumes rate does not vary over the term.
6 Variable rates are expressed as if calculated monthly, not in advance. Variable rates change when the TD Mortgage Prime Rate changes monthly, not in advance.
7 Fixed rates are expressed as if calculated semi-annually, not in advance.
8 If your interest rate increases so that the monthly payment does not cover the interest amount, you will be required to adjust your payments, make a prepayment or pay off the balance of the mortgage.
9 This rate is only available to customers with less than 20% down payment, purchasing a residential property valued at under $1,000,000, who are eligible for and purchase mortgage default insurance and meet other conditions.