5 Year Variable Rate Mortgage

With this 5 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. With a Closed Variable Interest Rate Mortgage, when mortgage interest rates change, your payment amount still remains the same. However, the amount that is applied towards interest and principal will change. If mortgage interest rates drop, more of your payment is applied to the principal. If mortgage interest rates rise, more of your payment will go towards the interest accruing on your mortgage.

Mortgage Features

  • Apply By Phone

    1-800-722-3098

  • Annual Interest Rate

    2%

  • Cash Back

    No

  • Pre Approval

    Yes

  • Defer Payments

    No

  • Pre Payment

    Yes

  • Convertible

    Yes

  • Insurance

    Yes

  • Increase Payments

    Yes

  • Decrease Payments

    No

  • Double Payments

    Yes

  • Mortgage Type

    Variable Rate

Mortgage FAQ

What is a pre-qualification?

A pre-qualification is a basic review of your finances to determine if you would qualify for a mortgage. In general, a pre-qualification is based on unverified information you provide and does not include a credit check or any documentation, and is therefore not a firm guarantee of a loan.

What is a pre-approval?

What are closing costs, and how much should I expect them to be?

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Service Info

TD Canada Trust

Verified within the past few weeks

TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches and 2,600 "Green Machine" ATMs.

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