One-Year Open Mortgage
The ultimate in mortgage flexibility
When you have a little extra money, it's often a good idea to put it toward your mortgage, in order to save on interest costs. A TD Canada Trust One-Year Open Mortgage lets you prepay any amount of your mortgage, any time with no administration costs and no prepayment charges. And though the interest rate is fixed over the term, you have the flexibility to convert your mortgage at any time, without a fee.
| Term |
One year |
| Interest Rate |
Fixed for one year |
| Financing Available |
Conventional and high-ratio |
| Payment Options |
Weekly, biweekly, semi-monthly, monthly |
| Rapid Paydown |
Payments can be increased by up to 100% over the term without charge |
| Prepayment Option |
Full or partial prepayments on any date without charge |
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