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Flexible Mortgage Features

The Ready-For-Anything Mortgage

For when you discover twins run in the family.

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TD mortgages have options that fit your life and help you prepare for the unexpected.
Whether you’re having a baby, taking a sabbatical, or your financial needs grow and change
with time, a TD mortgage offers a range of flexible features to suit you.

Pay your mortgage faster and save money

Increase the frequency
of payments

Take advantage of biweekly or weekly payment options. To do so, half the monthly payment amount you currently make, or even quarter it and make payments on a weekly basis. The result? You pay less interest over time, and more of your money will go against the principal you owe.

Take advantage of increased
payment options

By increasing your mortgage payment amount, you can significantly reduce your interest costs and have the benefit of paying down your mortgage faster. As a TD Canada Trust customer, you may increase your payment by up to 100% of the regular payment amount during the term of the mortgage.

Take advantage of lump-sum

You can pay off your mortgage faster by making lump sum payments. Lump sum payments are applied to your principal amount, and can significantly reduce your interest costs. As a TD Canada Trust customer, you can make a lump-sum payment of up to 15% of the original borrowed amount each year without prepayment charge on your closed mortgage term.

Combine money saving strategies

You don’t have to use just one strategy to save – you can combine all three of the ideas outlined above.

Have questions, or ready to get started
on your TD mortgage application?

Connect with a TD Mortgage Specialist Book an appointment online