Great product alert - TD VIRM Mortgage

A lot of people new to investing operate on assumption basis when it comes to financing their properties.  One thing that is very often assumed is the type of mortgage that you are getting.  Investors assume when they say variable rate mortgage, that all of them are the same.  TD Canada Trust has a very unique and different program than all other banks. 



When you get a variable rate mortgage with other lenders, the amount of the payment varies up or down with the fluctuations of the prime lending rate.  So, every six months your payment amount will change.  With TD, you payment stays the same, it the internal percentage allocated to principle and interest that varies. 

This is a very important point for investors, the payment amount is FIXED, the interest paid inside the payment is what varies.

Get to know your financing products and understand how mortgages work before signing up for a mortgage.  I suggest you contact Lilianne Eid with questions - click here