These people should have the financial resources to tolerate short term interest rate increases. The Rate Advantage Mortgage carries a longer term than the Six-Month Convertible Mortgage. Ideal for people who seek low rates, are not concerned about interest rate volatility and think interest rates may decline in the future. Ideal for people who want interest rates below TD Mortgage Prime rate, are not concerned about interest rate volatility and are willing to give up the flexibility of the open Variable Interest Rate Mortgage. Perfect for people who want the benefit of fluctuating interest rates, with protection against future interest rate increases.
Mortgage rates are subject to change at any time without notice.
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