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Financing, Mortgages and Insurance What options are best for you and your situation?


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Old 2010-04-13, 09:17 PM
sarcol27 sarcol27 is offline
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Default Bridge Financing with TD

Has anyone done bridge financing with TD bank? If so, were there any additional fees other than interest? I've heard some institutions will charge a $250-$500 fee for a bridge loan on top of the interest. Would appreciate some feedback. Anyone happen to know the current interest rate for bridging?
Thank you!!
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Old 2010-06-04, 11:17 PM
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JnA JnA is offline
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No extra fees apply through normal bridge financing
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Old 2010-06-22, 11:21 AM
Tara Wilkins Tara Wilkins is offline
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It is very difficult to tell you what rate will be given, as it is based on that day the financing occurs. You should contact the branch working on your Mortgage, or the Specialist.

Tara Wilkins
TD Mortgage Specialist
tara.wilkins@td.com
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Old 2010-06-22, 12:44 PM
oakvillehomeowner oakvillehomeowner is offline
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6 years ago i had bmo charge 8% for a bridge and they charged for an extra day.

2 years ago royal did it for me at prime, no fees.
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Old 2010-07-18, 10:50 AM
Adriana Adriana is offline
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The rate (currently) for a bridge loan with TD is Prime + 2%. This is not additional administration fee. You pay the interest for the amount of days the bridge is for (ie: the bridge loan is $100k for 7 days ... $100000 @ 4.5% = $4500 / 365days x 7days = $86.30). Hope this helps.

Adriana
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