td broker information kit en-ca 1
Continues TD Broker Information Kit: detailed underwriting and operational policies. Adds policies on debt treatment (credit bureau payment rules; revolving credit percentages: 3% non-TD unsecured, 5% for Quebec address; TD secured LOC amortized over 30 years; TD secured LOC amortized over 20 years for liquid/margin secured LOCs), customer-declared payments handling (spousal/child support documentation rules), Open Trades (3% payment; utilities excluded), APV (Automated Property Valuation) usage and fee ($99, not applied in Quebec), APV restrictions (location/value thresholds and property types excluded), Product change/resubmission rules (new Broker Commitment when material changes), TD Application Protocol for channel conflicts (no 'first in' policy; cancellation/resubmission rules; 2 business day response), Flexible Payment Features (Payment Pause/Vacation/Extension rules), Borrower criteria (joint applicants, ILA, POA rules, bankruptcy considerations), IRD estimate example and formula, Title Insurance accepted providers, Appraisal processes (approved AMCs: Nationwide, RPS, Solidifi; Quebec AMCs: Nationwide, RPS), Qualifying Rate rules (greater of customer rate +2% and min qualifying rate 5.25%), Rate Hold Policy (up to 120 days; rules for rebooking/decreases), Pre-approvals (valid 120 days), Interest Rate Buydowns rules, Credit Agreements (collateral charge up to 125% of property value), Refinance and Mortgage Transfer plan rules (eligible institutions list; tolerances for accrued interest/fees), Standard Approval conditions (closing costs 1.5% for insured), Income confirmation and documentation guidance (NOA, paystubs, LOE, tolerances), Down payment/source verification and documentation, Sliding Scale and property location LTV tables, Well water/septic certificate rules, Default Insurance summary (insurer list, premiums table noted in appendix), and Appendix items (Broker Refinance Program Fee Schedule April 2025: province fees including BC $746.67, Alberta $664.00, Manitoba $916.00, Ontario $892.28, Quebec $1562 etc.).
Questions this document answers
$99.00 (deducted from the customer's TD Mortgage advance; not applied in Quebec).
5.25% (minimum qualifying rate; qualifying uses the greater of customer contract rate + 2% and this minimum).
Up to 120 days.
$20,000 (minimum mortgage and FlexLine plan limit).
3% of the outstanding balance as reported on the credit bureau (5% for applicants with a Quebec address).