Mortgage Rates
TD Canada Trust moves to offer Alt “A” Mortgages
December 4, 2009 by nikki · Leave a Comment
Introducing TD Financing Services!
Mortgage Lending Solutions for Alternative Needs
TD is pleased to announce that TD Financing Services Home Inc. TD Financing Services is launching their mortgage lending program in Alberta, effective today, Tuesday December 1, 2009.TD Financing Services offers a competitive program that encompasses the financial requirements of clients with varying credit needs, providing uninsured mortgages to home owners and purchasers directly through brokers.
- Purchases or refinances
- Not beacon score driven
- Owner occupied and rental properties
- Business for self stated income
- Amortization up to 35 years
Details: Business for Self Stated Income
- TD Financing Services offers financing on BFS stated income applications that fit within credit policy
- Maximum loan to value is 75% on BFS stated income
This is an exciting move towards improvements in over all lending in Canada. We have had a very hard time over the last year with Alt A lending all but disappearing, as witnessed by the departure of Wells Fargo, GMAC, Abode, FIrst National’s Excalibur program, MCAP’s Alt A lending, etc.
