Wondering if people can share their good and bad experience about TD and MCAP regarding mortgages

Thanks in advance

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Originally posted by vasuroh

Wondering if people can share their good and bad experience about TD and MCAP regarding mortgages

Thanks in advance

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

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Originally posted by Pramod Chopra

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Originally posted by vasuroh

Wondering if people can share their good and bad experience about TD and MCAP regarding mortgages

Thanks in advance

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I have dealt with MCAP for my own mortgage when they were administering mortgages on behalf of ING. The customer service was very good and never had any problem.

I have dealt with TD for my clients and they also did not have any problems as far as customer service is concerned.

As far as rates are concerned, all banks try to be competitive and the rates do not differ very much. For variable rate mortgages, TD compounds the interest monthly while MCAP does it semi-annually. A Semi-Annual compounding of interest is ALWAYS better than a monthly compounding, if all other things remain equal.

Should you have any questions, you can either pm or email me.

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