Mortgage Experience Trends
Better information –
for a better
The TD Bank Mortgage Service Index: the industry's most reliable
resource for regional customer
At TD Bank, we know that buying a home is exciting, but the actual process of applying – and getting approved – can be overwhelming for homebuyers who aren't prepared for the process.
We created the TD Bank Mortgage Service Index, which surveys homeowners across the country to learn more about their home buying experience.
To learn more about the impact of mortgage insurance during the home buying experience check out our latest Mortgage Insurance survey.
Below are some key highlights from the third annual Mortgage Service Index survey.
Americans consider now to be a very good time to purchase a home
Americans are more likely to purchase a home this year
Consumers may be missing the opportunity to buy a home due to lack of knowledge
Only 28% successfully using mortgage affordability programs
Millennials are ready to buy homes...
are very or extremely likely to purchase a home within the next year
More than 1/3
consider now a very good time to purchase a home
...but have unique home-buying concerns
What do the TD Bank Mortgage Service Index survey results mean for potential buyers? It's simple. Talk to a mortgage broker.
The best way to prepare for applying for a mortgage is to establish a relationship with your mortgage broker. Find someone you feel comfortable with who can explain all available options towards achieving home ownership.
For detailed information from the 2015 TD Bank Mortgage Service Index: