TD HELOC Rates Fall – TD Prime at 2.5%

Effective March 4, 2009, TD Prime rate has changed as follows:

Term	Rate		Change
6 month convertible	5.20		N/A
1-year open	7.45		N/A
1-year closed	5.00		N/A
2-year closed	5.75		N/A
3-year closed	5.75		N/A
4-year closed	5.69		N/A
5-year closed	5.79		N/A
6-year closed	6.40		N/A
7-year closed	7.00		N/A
10-year closed	7.35		N/A
1-year closed Special	4.00		N/A
4-year closed Special	4.39		N/A
5- year closed Special	4.49		N/A
Variable Interest Rate Mortgages	TD Mortgage Prime	Variance	Rate
Closed VIRM: Rate is TD Mortgage Prime + 0.80%	3.00	+0.80	3.80
Open VIRM: Rate is TD Mortgage Prime + 1.00%	3.00	+1.00	4.00
Home Equity Line of Credit	TD Prime	Variance	Rate
Float: Rate is TD Prime + 1.50%	2.50	+1.50	4.00

 

TD PRIME GOES DOWN!!

 

TD Canada Trust has made the following changes to rates:

Decreased the TD Prime lending rate to 3.50%, effective December 10, 2008.

This rate change only affects the float HELOC product.

Note: TD Mortgage Prime will change on January 1st, 2009 which will impact the Variable Rate Mortgage.

Canada’s best mortgage rates!

 

CSBFL Commercial Property Incentive

Great news from TD Bank Financial Group, Attention Small Business Owners!

SBB is currently offering Small Business customers the opportunity to finance the purchase or expansion of commercial properties at a higher loan to value (LTV) through a combination of the Canada Small Business Financing Loan (CSBFL), and the Business Mortgage product. By leveraging the CSBFL product, customers can receive financing up to 85% LTV based on the property value.
To ensure as many customers take advantage of this great offer before it ends as possible, the Small Business Credit Centres will be proactively working with you to help identify commercial property purchase and expansion opportunities to utilize this product.
Remember, time is running out! This offer cannot be extended to applications submitted after Mar 3rd, 2009, or funded after Mar 31st 2009.
CSBFL Commercial Property Incentives
•    the highest LTV currently available at a Schedule A Bank
•    a special low rate of TD Prime + 1% for the life of the CSBFL
•    Limited Personal Guarantee up to 25%
•    No Set up Fees, and 2% Cash Rebate on the authorized CSBFL amount