TD Canada Trust offers a variety of mortgage payment options to Ontario customers, with fixed-rate mortgages ranging from 2.24 percent to 6.1 percent, as of 2015. Variable, open and closed mortgage options are also available to customers, according to the company's official website.
Mortgage interest rates are traditionally lower than rates for regular loans, as they are secured by property. Fixed-rate mortgages offer the same interest rate and payment over the term of the loan, while variable-rate mortgages can move higher or lower, based on the official bank rate. Mortgage loans are offered in a variety of formats to suit the individual needs of property buyers, says TD Canada Trust.