Sunday May 19, 2013

TD Canada Trust Announces New Special Fixed Rate Mortgage Offers

13 February 2010

td logo 2 150x150 TD Canada Trust Announces New Special Fixed Rate Mortgage OffersTD Canada Trust has changed its residential mortgage interest rates and they will take effect as of February 15th 2010.

With the many talks of interest rates increasing in the future, more borrowers are looking to lock in a longer term mortgage at a fixed interest rate. To help customers out, TD has adjusted their interest rates. 

Fixed Rates To Change
7 year closed 6.30% -0.30%
10 year closed 6.50% -0.20%

Locking into a longer term mortgage is one option that homebuyers can consider, but there is also the option to help manage their debt. To manage their debt and save money in the long run, homebuyers should think about providing a larger down payment, purchasing a home that fits well within their budget and calculate their mortgage payment based on shorter amortization. 

TD has introduced special fixed rate offers which might be able to be the option that you are looking for as a homebuyer.

Special Fixed Rate Offers

7 year closed 4.95%
10 year closed 5.20%

Rates are calculated semi-annually, not in advance. Special rates are at a discount to TD Canada Trust’s posted Rates.

If you want a long term mortgage, consider getting TD’s special rate offers, they are not something you should overlook.

About the Author

Sensei

My favorite weapon of choice is the samurai sword. I use it to cut my chicken during dinner, cut my hair and periodically carve my name into stone when I am bored. I love meditating on top of a 15ft high pole and eating those sushi’s with smoked salmon on top. I love everything there is about Canada and everything financially related to Canadians. I write deily posts from Canadian Banks to Credit Card information.

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