Is a flexible mortgage important to you?

So in the past three weeksI have done what I set out to do!  I have increased my monthly PAC with my RRSPs, I purchased a $30.00 Starbucks gift card for the month of March which is my "allowance", AND I filed my taxes.  I have decided to use my income tax in the following way: 50% to my mortgage, 30% into RRSP/TFSA and 20% to my debt repayment (Credit Card bill!).

I feel so good about what I have done in the past couple of weeks, and tonight I am going to purge my home office!  I am hoping to sleep like a baby tonight!

When you are looking for a mortgage through other banks and brokers, is a flexible mortgage something that is important to you?  Do you know that if something happened in your family life, that your current provider CARES about YOU? 

Whether it's an expected life situation such as a parental leave, going back to school or even an unplanned event, many of our customers choose to respond quickly to these situations by taking advantage of our flexible mortgage payment features that give them more choice and control over their lives when they really need it.

"Customers typically shop for their mortgage according to the rates, so I always make a point of highlighting the flexible options we offer," says Chris Smith, Manager Financial Services, TD Canada Trust. "I've been able to secure a number of appointments and sign new mortgage customers based on the fact that they see more value in the flexible features than a lower rate. It gives them comfort knowing they will have options if and when their needs change."

Here's a quick snapshot of our flexible mortgage payment features:

• Skip a payment - skip one monthly mortgage payment a year up to four regular monthly mortgage payments during the life of a mortgage.
• Payment reduction - a choice of reducing mortgage payments for up to four consecutive months based on any accelerated payments or lump sum payments made on the mortgage; or reducing a monthly mortgage payment a year up to four regular monthly mortgage payments during the life of the mortgage.
• Payment vacation - take a break from making regular monthly payments for up to four consecutive months on any accelerated payments or lump sum payments made on the mortgage.

With each of these options, you need to be aware that interest continues to accrue.
The new flexible mortgage payment feature calculator is a great tool that gives our customers an opportunity to explore scenarios and decide which option can best suit their unique situation. For more information on flexible mortgage payment features visit www.tdcanadatrust.com.

The Mortgage Woman

"These opinions are entirely my own and do not represent TD's position, strategies or opinions".