![]() If you need to break your fixed-rate mortgage, you can expect to pay some hefty fees. While they offer “special” rates on occasion, they are usually still higher than other financial institutions for a typical borrower. Below are some of the potential pitfalls when you get your mortgage with TD:īeing one of the largest banks in Canada, TD doesn’t offer the lowest rates in the market. Rate Discretion: On a case-by-case basis, TD can be flexible in negotiating mortgage rates for their clients-your odds of negotiating a lower rate increase as you do more business with them.Īll banks have their flaws. They have access to extensive resources that allow rigorous security measures to be put in place to protect their clients. Reputation: As one of the top banks in the country, TD’s reputation precedes it. Not to mention, nearly all of their mortgage services are online, which is incredibly advantageous, especially now during a pandemic.īranch Access: TD has over 1,090 branches across Canada (and 1,240 across the U.S.), making it easy for customers to visit their local branch. You can open additional accounts such as bank accounts, loans, insurance, investment products, and more.Ĭonvenience: TD’s team of mortgage specialists can assist you wherever your place of preference: at your home, at work, or a public location of your choice. As people often prefer to have all their accounts in one place, this proves to be beneficial and efficient. You can use these funds for investments, your children’s education, renovations, or just some of life’s unexpected moments.īelow are a few benefits of getting your mortgage from TD.įull-service: When dealing with the big banks, you can expect access to a full range of financial products in conjunction with your mortgage. TD’s Home Equity FlexLine offers a traditional HELOC allowing you to borrow against your property’s equity with ease when you need it most. The Multi-Unit Residential Mortgage allows you to finance a residential property with five or more units. TD’s High Ratio Mortgage allows you to purchase a home with as little as 5% down payment. When you purchase CSA approved solar panels or make ENERGY STAR qualified purchases, you become eligible for a 1% discount off the posted rate and up to a 1.5% cash rebate. The Green Mortgage rewards you for supporting environmentally friendly practices. The 5% CashBack Mortgage gives you cash upfront, in an amount equal to 5% of the principal on a six-year fixed-rate residential mortgage. TD’s Six-Month Convertible Mortgage is a product with a six-month term that allows you to convert to a longer, closed term anytime without any fees. They also have an e-newsletter specifically for home life, information on home insurance, money-saving tips on home financing, and even a glossary for mortgage terms!Īside from the traditional fixed and variable, TD also has specialized mortgage offerings, detailed below. They have resources such as the Home Buyer’s Checklist that generates a compare and contrast page between different properties. VO: Get a better understanding of your money with our new Goal Builder tool and the helpful advice of a TD advisor.Ĭut to the new dynamic TD end frame with the green chair.TD Canada Trust offers various online tools to help guide your financing choices. We see a longer closeup of TD Goal Builder. The TD advisor shows them the TD Goal Builder on a tablet. The couple looks relieved.ĪDVISOR: Don’t be afraid of the money talk… we do this kind of thing all the time. We cut to see the couple sitting on green chairs across from our recurring female TD advisor in a TD branch. LEGAL: * TD Omnibus survey conducted by Maru/Blue from November 18th to November 20th, 2022. SUPER: 55% of Canadians avoid talking about money* GUY: I’m convinced that the earth is flat. GIRL: We have to talk about our retirement savings. We’re now with a 20-something couple brushing their teeth. We change scenes before she gets too into it. ![]() GUEST: I am loving the new place, heard you got a good mortgage rate. A friend of the host looks around, enamored with the house, then casually asks about her mortgage, as friends do. We’re now at a standing dinner party in another house. SON: Can we talk about your financial plan to pay for my education?
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