Jeez, these days banks are folding into one another faster than sugar in a bowl of meringue.
Commerce Bank has been purchased by Canada's TD Bank. I belong to a credit union and Chase Bank, but Commerce is just down the block from my NY apartment, on 7th Avenue. And I make a pilgrimage there once every 3 months to empty my gi-mongous change bowl into their handy-dandy lobby sorting/converting machines (I usually walk away with a few hundred bucks). It's the first thing I do when I get home from work at night, empty my pockets. HATE coins...they retain weird frenetic energy from past owners.
Soooo, let's see what TD is now bringing to the table:
2 Years, 3.00% APY, minimum $500 to open.
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There's a new program available to all homeowners that will actually lower your mortgage payment(s) with your current lender, or possibly forgive some of its principle. This process is called Home Loan Modification/Renegotiation.
It's actually pretty easy. You simply send in a brief
application outlining your payment, income, and any hardships. Our legal team and loan processors then review this information along with the respective lender. Within 48 hours, we let you know if you qualify.
