Heading along the same pathway, the popular foreign mortgage lender, Toronto Dominion Bank (NYSE: TD), chose to make no positive or negative changes to its benchmark 30 year fixed mortgage interest rates on August 13, 2014. As per the most up to date mortgage information made available in the market today, the standard home purchase and the refinancing home loan deals are coming out at same lending rates as yesterday.
To begin with, in the long term home loan section, the bank offers its standard, 30 year fixed rate mortgage home loans deals, at an interest rate of 4.375% and an annual percentage rate of 4.493% today. The borrowers, who are interested in securing short term finances for funding their investment, will have to bear an interest rate of 3.500% and agree to an annual return rate of 3.702% for the best, 15 year fixed rate mortgage home loan options today.
There are some home buyers, who are unable to secure conventional mortgages due to some specified reasons. Such customers, who are facing issues in locking in conventional home loans due to their poor credit score of the past or insufficient funds to deal with expensive down payments, can now secure the FHA insured 30 year fixed rate mortgage home loans, which are coming out at an interest price of 4.000% and an APR yield of 5.160% today.
Heading towards the adjustable rate mortgage section, the Canadian lender quotes its best 3 year home loan deals at an interest rate of 2.875% and an APR yield of 2.884% on the basic amount of home loan provided by the lender. The more flexible, 5 year adjustable rate mortgage home loan plans are now published at an interest rate of 3.562% and are backed by an annual return rate of 3.031% on the principal amount of home loan secured from the bank.
For the borrowers, who are looking forward to secure more flexible home loans, the 7 year adjustable rate home loan schemes would be perfect at a lending rate of 3.562% and an APR yield of 3.237% during the starting years of the home loan tenure. Likewise, the most flexible, 10 year variable rate mortgage loan schemes are now being traded at an interest cost of 3.625% and an APR yield of 3.445% on the initial amount of home loan sanctioned by the bank.
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.