TD Bank Made No Change to its Mortgage Interest Rates on April 25, 2014

TD Bank Made No Change to its Mortgage Interest Rates on April 25, 2014

At the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), the standard home purchase and refinancing home loans are coming out same interest rates as yesterday, on April 25, 2014. The qualified mortgage borrowers, who are planning on dropping by the local branches of TD Bank in search of ideal mortgage finances, will find no absolute change in the benchmark 30 year fixed mortgage interest rates this Friday.

To start off with, the potential home buyers, interested in having their realty investment backed by the standard, long term financing options, can opt for the 30 year fixed rate mortgage home loans, which are now being traded at an interest rate of 4.500% and an annual percentage yield of 4.612%. On the other hand, the relatively shorter, 15 year counterparts of the 30 year fixed rate mortgage home loan packages can be secured at an interest rate of 3.625% and an annual percentage rate of 3.817% today.

Sometimes, the potential home buyers face difficulties in securing conventional home loan deals owing to their poor credit score of the past, or their inability to service expensive down payments. TD Bank caters to the needs of such borrowers by offering its FHA insured 30 year fixed rate mortgage home loan packages at an interest rate of 4.125% and an annual percentage return rate of 5.283%, which is certainly higher than the traditional home loan plans.

In the flexible home loan section, the interested customers can spot the best, 3 year, adjustable rate mortgage home loan plans being advertised at a lending rate of 2.750% and accompanied by an annual percentage rate of 2.851% to begin with. On the contrary, the 5 year adjustable rate mortgage options can be locked in at an interest price of 3.250% and an annual return rate of 3.025% during the initial years of the home loan tenure.

For the mortgage shoppers, who are seeking more flexible rates of interest, TD bank offers its best 7 year adjustable rate mortgage loan offerings at an interest rate of 3.500% and an annual percentage return of 3.200% on the principal amount of home loan secured from the bank. However, the prospective home loan borrowers can also opt for the most flexible, 10 year adjustable rate mortgage home loan deals, which are now being advertised at a starting interest rate of 3.750% and an APR yield of 3.468% to start with.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

Rob is a analyst and reporter covering stocks and business news.