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PORTFOLIO LENDER: TD Bank originates all mortgage loans with the intention of servicing them for the life of the term, with the exception of Federal Housing Administration (FHA) loans, which are sold to secondary market investors. The sale of mortgage loans is not limited to FHA loans; TD Bank retains the right to sell any loan, any time, at its discretion.
PAYMENT COMPARISON:The monthly payment schedule for the 30-year term would be 360 payments of $1,011, and 180 payments of $1,541 for the 15-year term. This example payment amount does not include amounts for real estate tax or insurance escrows. If these escrows were required, the actual payment amount would be greater. Rates are subject to change daily. Rates are as of 12/12/2012. These rates are available on non government insured loans with conforming loan limits based on primary residence, purchase and single-family properties. Excludes homes under construction and homes on leased land. Please call 1-866-325-4516 or visit www.tdbank.com/mortgage for today's rates.
TAX DEDUCTABILITY: Interest paid on a mortgage may be tax deductible. Consult your tax advisor about the deductibility of interest.
USA PATRIOT ACT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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