Best Mortgage Rates Published by TD Bank Today ( July 21 2014)
Before moving to our today’s mortgage rates from TD Bank, the news about misbehaving lenders from the last week is that 13 major banks across United States have paid $3.1 billion to borrowers in the form of settlements for misconduct. According to the Federal Reserve Report, due to misconduct in processing mortgages, banks are heavily fined and asked to pay huge amount of settlements to borrowers as most of these misconducts resulted in wrongful foreclosures.
Some of the borrowers are even compensated with an amount of up to $125,000.
Lets move to our main story about the today’s mortgage loans by TD bank for their different products like conventional fixed rate, conventional adjustable rate and jumbo loans. Conventional Fixed Rate Mortgage Loans offered by TD bank are accompanied by a range of features like a fixed interest rate, available amount of up to $417,000, available for both purchase and refinancing, a fixed monthly payment but the loan is not guaranteed by a government agency. The rates offered by the TD bank under this category are as follows:
Fixed Rate Mortgage Loans: TD Bank 21st July
30 Year Fixed Rate, 4.312% with 4.380% APR
15 Year Fixed Rate, 3.438% with 3.555% APR
Borrowers have an advantage of paying a lower P&I monthly payment under 30 Years fixed Rate Loans while for 15 Years Fixed Rate Loans, borrowers have an advantage of paying early and less in total interest.
For their another popular product, Jumbo Mortgage Loans, the bank also issued interest and APR rates for 21st July for 30 Year Fixed Rate and 15 Year Fixed Rate Loans. On Monday, the bank offered an interest rate of 4.188% on 30 Year Fixed Rate Jumbo Mortgage Loans with an APR of 4.209%. For the 15 Year Fixed Rate Jumbo Mortgage Loans, the interest rate offered is 3.688% along with an APR of 3.725%. Other than Jumbo and Conventional Fixed Rate Loans, the bank also offers products like Adjustable Rate and Federal Housing Authority (FHA) loans but the rates are not yet available. Interested readers can use the customized quote option on the bank’s website to get the details about the rates of their other products.
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.