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Our Mortgages

Our Fixed Rate Mortgages

Fixed Rate Mortgage

Get security and peace of mind, knowing your interest rate won't increase over the term you select.

Term

1, 2, 3, 4, 5, 6, 7 and 10 years

Interest Rate

Fixed for the full term selected

Financing Available

Conventional and high-ratio

Payment Frequency

Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly

Payment Options

Regular payments can be increased by up to 100% over the term without charge once per calendar year

Prepay up to 15% each year without charge


Six-Month Convertible Mortgage

You can use the shorter term to your benefit. Plus, you can always convert your mortgage to a longer-term closed mortgage at any time during the 6 months - at no cost to you.

Term

6 months

Interest Rate

Fixed for 6 months

Financing Available

Conventional and high-ratio

Payment Frequency

Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly

Payment Options

Regular payments can be increased by up to 100% over the term without charge once per calendar year

Prepay up to 15% each year


One-Year Open Mortgage

Pay a little extra, at any time without incurring administration costs or prepayment charges. And although the interest rate is fixed for the full year, you have the flexibility to convert your mortgage to a closed term at any time1, without a fee.

Term

1 year

Interest Rate

Fixed for 1 year

Financing Available

Conventional and high-ratio

Payment Frequency

Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly

Payment Options

Regular payments can be increased by up to 100% over the term without charge once per calendar year
Full or partial prepayments on any date without charge


CashBack Mortgage

Get up to 5% of your mortgage principal up front, in cash, when you take out one of our CashBack Mortgages.1 Use the money any way you wish. Pay for renovations, furniture, appliances, or just add extra funds to your account. You can even use your cash back to pay down your mortgage.2

Term

2, 3, 4, 5, 6, 7 and 10 years

Interest Rate

Fixed for the full term

Financing Available

Conventional and high-ratio

Payment Frequency

Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly

Payment Options

Regular payments can be increased by up to 100% over the term without charge once per calendar year
Prepay up to 15% each year


Closed Variable Interest Rate Mortgage

With a Closed Variable Interest Rate Mortgage, when your interest rate changes, your payment amount remains the same. However, the amount that is applied toward interest and principal will change. If your interest rate decreases, more of your payment is applied to the principal. If your interest rate increases, more of your payment will go toward the interest accruing on your mortgage.1 With this five-year mortgage option, you can lock in your interest rate by converting to a Fixed Rate Mortgage at any time, as long as the new term is at least the lesser of 3 years or the remaining term.

Term

5 years (Closed)

Interest Rate

The interest rate changes when the TD Mortgage Prime Rate changes

Financing Available

Conventional and high-ratio

Payment Frequency

Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly

Payment Options

Regular payments can be increased by up to 100% over the term without charge once per calendar year
Prepay up to 15% each year


Open Variable Interest Rate Mortgage

This five year mortgage option gives you fixed payments and the ability to pay off your mortgage faster.

You get the flexibility to increase your payments to any amount, anytime. Plus, you can pay off all or part of your mortgage without paying prepayment charges (an administration fee applies in year one and two only). If your interest rate decreases, more of your payment goes toward your principal and less toward interest. So your mortgage gets paid off faster. If your interest rate increases, more of your payment will go toward the interest accruing on your mortgage.1

You can also lock in your interest rate by converting to a Fixed Rate Mortgage at any time.

Term

5 years(Open)

Interest Rate

The interest rate changes when the TD Mortgage Prime Rate changes

Financing Available

Conventional and high-ratio

Payment Frequency

Weekly, biweekly, semi-monthly, monthly, rapid weekly, rapid biweekly

Payment Options

Payments can be increased to any amount over the term without charge once per calendar year

Full or partial prepayments on any date. Full prepayment subject to an administration fee:
first year = $500
second year = $250
after two years = $0


Home Equity Line of Credit

A Home Equity Line of Credit gives you access to ongoing credit, up to your available limit, and provides a number of flexible options:

  • Apply once. You can access your available credit anytime without having to re-apply.1
  • Pay at your own pace – make payments as low as interest only.2
  • As your outstanding balance decreases, your available credit increases.
  • Fixed Rate Advantage Option – Lock all or a portion of your outstanding balance into a fixed interest rate for a closed term of one to five years to protect yourself from rate increases on your variable rate portion and establish regular fixed payments (subject to minimum amounts).

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