Our guide to TD Canada Trust mortgages
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Discover the methodologyWhen it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?
There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"
Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at TD Canada Trust mortgages and their current rates.
About TD Canada Trust
Founded in 1955, TD Canada Trust is now a top 10 North American bank. As well as mortgages, TD Bank offers a wide range of products, including: personal loans, credit cards, savings accounts and checking accounts. TD has invested $67.7 million into learning programs and has avoided around 70,000 tonnes of greenhouse gas emissions.
Our review of TD Canada Trust
TD's online mortgage section makes it easy for you to look at competitive mortgage rates and services they offer. Whether you're looking for your first mortgage, renewing or refinancing or buying your next property, TD's online mortgage journey resource will help guide you through your decisions. We like how simple it is to be pre-approved for a mortgage with TD, as well as the amount of useful tools and resources available to you on their website.
TD Canada Trust mortgage pros and cons
Here are some of the advantages and disadvantages of TD Canada Trust mortgages:
Why TD Canada Trust might be right for you:
Among the margest lenders in Canada
Many branches across the country
Access to a range of banking services
Why TD Canada Trust might not be right for you:
Strict lending requirements
Working with a major banks can mean less personal service.
Be mindful of cross selling
To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!
Compare mortgage rates now
What types of mortgages does TD Canada Trust offer?
Below is a table showing some details about the different mortgage plans TD Canada Trust offers. Most providers will offer a variety of mortgage options.
| Coverage type | Mortgage |
|---|---|
| Pre-approval online | |
| Apply online | |
| Cash bonus | Up to a $3,000 |
| Prime rate | 2.85% |
What mortgage rates does TD Canada Trust offer?
There are two main types of mortgage rates in Canada: fixed and variable rates.
Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.
Below are some of the mortgage rates TD Canada Trust offers:
Rate Types | Term Length | Rate |
|---|---|---|
Fixed-close | 1 year | 2.79% |
Fixed-close | 2 years | 2.94% |
Fixed-close | 3 years | 3.49% |
Fixed-close | 4 years | 3.74% |
Fixed-close | 5 years | 4.59% |
Fixed-close | 6 years | 5.24% |
Fixed-close | 7 years | 5.35% |
Fixed-close | 10 years | 5.60% |
Convertible | 6 months | 3.04% |
Fixed-open | 1 year | 4.50% |
Variable-closed | 5 years | 1.80% |
Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.
Compare mortgage rates now
How do I contact TD Canada Trust?
You can access a TD Mortgage specialist through the TD app. Alternatively, you can call:
1-800-722-3098
Our TD Canada Trust mortgage calculator
Want to calculate what your TD Canada Trust mortgage will look like? We have some tools right here on our website that can help:
Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.
Our mortgage affordability calculator will help you determine how large a mortgage you can get.
Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance
