Mortgage

Mortgage Home ownership is an important goal as you start your new life in Canada. At TD Canada Trust, we can help you start saving for your first home in Canada as soon as possible.

A home mortgage, also known as a mortgage, provides the personal credit you may need to buy a home. The mortgage amount you qualify for depends on a number of factors, including your annual salary (and your co-borrower’s salary, if applicable), your credit history, how long you plan to take to pay off your mortgage, today’s mortgage rates, your current debt obligations and other costs associated with owning a home.

Your TD Canada Trust mortgage representative can help you:

  • Figure out how much of a mortgage you can afford;
  • Determine how much of a down payment you need to save to buy your dream home;
  • Decide whether to choose a fixed rate mortgage (with a set interest rate that does not change for the mortgage term you select, up to 10 years) or a variable rate mortgage (which fluctuates up and down with the TD Prime Rate). TD Canada Trust offers a wide range of fixed and variable-rate mortgages;
  • If you choose a fixed rate, select an amortization period (the number of years it will take to pay off your mortgage completely).

Putting together your financial team

When you’re ready to think about buying a home, we can help. Either visit your branch or contact one of our Mobile Mortgage Specialists, who can meet with you whenever and wherever it’s convenient—including evenings and weekend—at your home or workplace. Either way, you’ll receive professional knowledge and advice from a mortgage specialist.

Our Home Buying Checklist can guide you through the process »

A home loan secured against property (also known as real estate), such as a residential home or a commercial building.

The amount of the purchase price of a home or car that is paid by the buyer, using his or her own money. The remainder is usually borrowed from a financial institution in the form of a mortgage or car loan.

A mortgage for which the rate of interest is fixed for a specific period of time (known as the term).

A mortgage for which the rate of interest may change as specified in the terms of the agreement. This is sometimes referred to as a floating rate mortgage.