This Monday came along with a good piece of news for the potential home buyers who are seeking to finance their dream home deal through the TD Bank (NYSE: TD) financing options. The interested borrowers can now obtain home loans at reduced benchmark 30 year fixed mortgage interest rates on November 25, 2013.
The latest information published by TD Bank officials indicates that the standard 30 year fixed rate mortgage deals are now available at reduced interest rate of 4.308% and bring along an APR yield of 4.405%. For those who want to take a shorter route, the bank provides 15 year fixed rate mortgage deals at a new interest rate of 3.810% and an annual percentage yield of 3.979%.
In the adjustable rate mortgage category, Toronto Dominion Bank lists its 3 year adjustable rate mortgage loans at a rate of 2.600% and yield an APR of [email protected] However, for those who are interested in more flexible options, 5/1 ARM loans are published at an interest rate of 3.120% today and carry an APR of [email protected]
In the special adjustable rate mortgage portfolio, the Canadian lender publishes its 7 year adjustable rate loans at an interest rate of 3.478% and an annual percentage rate of [email protected] The most flexible, 10 year ARM deals are listed against an interest rate of 3.838% and are accompanied by an APR yield of [email protected]
For the borrowers looking for refinancing deals, the 30 year refinancing fixed rate home loans seem to be a perfect choice at a reduced interest rate of 4.558% and an improved APR return of 4.657%. The short term refinancing options that last for 15 years are available for those who can bear an interest charge of 4.060% and agree to an APR yield of 4.231%.
Heading towards the variable financing division, TD Bank publishes its 5 year adjustable rate mortgage schemes at an interest rate of 3.370% and an annual percentage rate of [email protected] On the other hand, the 7 year ARM deals come out at a rate of 3.728% and are backed by an APR yield of [email protected] today.
Today, TD Bank has supported the Masters School in Dobbs Ferry through $32 million financing for the construction of a massive athletic cum arts center spread over an area of 75000 square feet. For supporting the school with such a huge amount, the bank purchased Dobbs Ferry Local Development Corporation fixed rate, tax-free bond for the Masters school, the proceeds of which are used for financing the athletic and arts center.
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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