Your option. At any time , you can ask us to convert the loan to a fixed rate closed term as follows: The new term of the loan begins when the change takes effect. The new term of the loan ends no sooner than the end of the old term. The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 apply to this change.
Your option. At any time during the term of the loan, you can prepay all or part of what is owed. You can't prepay less than $100 at a time. You don't have to pay us a prepayment charge. You don't have to tell us in advance that you want to prepay.
Your option. At any time during the term of the loan, you can ask us to convert the loan to any new mortgage product that you choose as follows: The new term of the loan begins when the change takes effect. If you choose a fixed rate term, the interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. If you choose a variable rate term, the interest rate is our variable interest rate for the new mortgage product. The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: The new interest rate is the interest rate described above when you and we enter into the agreement to make the change. The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 9.20 apply to this change. Variable rate closed term: Increasing the instalment5.17. Your option to increase by up to 20%. Once in each calendar year, you can prepay by asking us to increase the instalment by up to 20% of the instalment just before the increase. If you don't use this option in one year (or you don't use all of it), you can't save it (or the rest of it) for another year. You don't have to pay us a prepayment charge. Your option, after an increase, to lower the instalment. After an increase under your option to increase the instalment, at any time during the term of the loan, you can ask us to lower the instalment. We don't have to lower the instalment if that would make the remaining actual amortization period after the change longer than the remaining contractual amortization period for the mortgage when you and we enter into the agreement to make the change. How we make the change. When we increase or lower the instalment under this section 9.17, the terms of section 9.20 apply. Variable rate closed term: Prepaying5.18 Your option to prepay up to 20% a year. You can prepay part of what is owed as follows: The total of what you prepay under this section 9.18.2 in any calendar year cannot be more than 20% of the original amount of the loan. You can't prepay less than $100 at a time. You can prepay in this way at any time during the year. If you don't use this option in one year (or you don't use all o...
Your option. You can ask to pay the instalments in any of four ways: every week on Friday, every two weeks on Friday, twice a month on the 1st and 15th, or monthly on the 1st. You can ask to change the way you pay the instalments at any time. To work out the new instalment, we start with the monthly instalment when the term of the loan began. However, if you chose to pay instalments more often than monthly, we start with what would have been the monthly instalment when the term of the loan began. And, if you and we have agreed to increase the instalment, we start with the monthly instalment as increased. For instalments more often than monthly, we then multiply that monthly instalment by 12 and divide the result by 52 (for every week), 26 (for every two weeks) or 24 (for twice a month).
Your option. If you sell the property and buy another property in Canada, you can ask us to make a new loan to you at that time secured by the property you buy.
Your option. At any time during the term of the loan, you can ask us to convert the loan to any new mortgage product that you choose as follows: The new term of the loan begins when the change takes effect. If you choose a fixed rate term, the interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. If you choose a variable rate term, the interest rate is our variable interest rate for the new mortgage product. The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: The new interest rate is the interest rate described above when you and we enter into the agreement to make the change. The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 5.20 apply to this change.
Your option. At any time during the term of the loan, you can ask us to make a new loan to you secured by the property, where the amount of the new loan is more than what is owed under the old loan when we make the new loan. The new loan is as follows: It's a fixed rate closed term. It has the same balance due date as the old loan. The interest rate is the blended interest rate (see section 1.4). You don't have to pay us a prepayment charge. We don't have to make the new loan unless our usual credit requirements are met.
Your option. At any time during the term of the loan, you can ask us to make a new loan to you secured by the property, where the amount of the new loan is more than what is owed under the old loan when we make the new loan. The new loan is as follows: It's a fixed rate closed term. It has the same balance due date as the old loan. The interest rate is the blended interest rate (see section 5.4). You don't have to pay us a prepayment charge. We don't have to make the new loan unless our usual credit requirements are met. Repaying the old loan. When we make a new loan under this section 9.12, you must repay all of what is owed at that time on the old loan (including amounts that haven't become due).
Your option. At any time , you can ask us to convert the loan to a fixed rate closed term as follows: The new term of the loan begins when the change takes effect. The new term of the loan ends no sooner than the end of the old term. The interest rate is our posted interest rate for the new mortgage product when you and we enter into the agreement to make the change. The instalment is based on what is owed when the change takes effect, the new interest rate and the amortization period described as follows: The amortization period is the remaining actual amortization period just before the change takes effect. However, if that period is more than the remaining contractual amortization period for the term when the change takes effect, it's the latter. You don't have to pay us a prepayment charge. The terms of section 10.20 apply to this change. Changes generally. When a change takes effect. A change to the mortgage doesn't take effect until you and we enter into an agreement to make the change and the change takes effect under that agreement. Credit requirements. We'll only make the change if, when the change is to take effect, our usual credit requirements are met. These include requirements for security and documents. Requirements of others. Sometimes the loan may involve another person, for example, the insurer of an insured mortgage. We don't have to agree to the change if, when the change is to take effect, that person's requirements aren't met. If we agree, the change is subject to that person's requirements (including charges).
Your option. You may repay all amounts owed within ten Credit Limit, Overdraft Limit, or in the amount of the Loan Amount. days after sending or posting of a notice of change if you Here's how the Credit Facility will operate: wish Here's how the end this Agreement. If you do not repay the Bank in full, or if you access the Credit Facility, you 1 (a) TD Businessline - Option 1 -
