TD Bank offers a very good mortgage rates for people who are looking to buy a new house as well for those who are looking to refinance. There are numerous features that come with their mortgage. The decision on the application is usually made within 24 hours and this reduces a lot of hassles for the customers. In the case of refinancing, the decision is made within 72 hours. This bank provides a loan processor for every application and the customers can reach this designated person for all queries and doubts. Also, they have a feature called Mortgage Rate Security that comes with every mortgage. As per this feature, the customers can lower their rate if the rates drop, provided they have made at least 12 months of payments. This feature can help customers to lower their monthly payments without refinancing. Another important feature is the Payment Protector that comes with the loan. According to this feature, if the mortgage owner loses his or her job or in the event of an accidental death, the bank will cancel all minimum monthly payments. For involuntary job loss, the bank will cancel monthly payments for a period of six months. Besides these features, the TD bank interest rates are very competitive.

The current TD mortgage rates for a 30-year fixed rate is 5.189% APR. The TD Mortgage rates for a 15-year fixed rate is 4.608%. In the case of a 1-year adjustable rate, the TD Bank Mortgage rates are 3.162% while it is 3.446% for a 5-year adjustable rate. These features along with the nominal interest rates make this bank’s mortgage a sought-after option when it comes to buying or refinancing a home.

This entry was posted on Tuesday, February 9th, 2010 at 11:07 pm and is filed under TD Bank Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.