1A qualifying TD Bank personal checking account is required to be eligible for this additional 0.25% discount. This relationship discount may be terminated and the interest rate on this account may increase by 0.25% upon closure of the qualifying checking account.
2Locking allows you to convert purchases to a fixed rate. Fixed rate conversion is optional. Minimum amount is $5,000. Borrowers may have three fixed rate conversions open at one time.
All loans subject to credit approval based on underwriting guidelines. Other terms and conditions may apply. Loan approval time frames subject to all documents being received and conditions met within 48 hours of submission of the application. Interest paid on certain loans 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.
15- or 30-Yr Fixed Rate: Fully amortizing loan over a period of either 180 or 360 months. The interest rate and payment will remain the same for the entire term and loan repayment period. The monthly payment will consist of both interest and principal.
ARM (Adjustable Rate Mortgage): Fully amortizing loan. The interest rate changes at a set time over the term of the loan. The change in the interest rate is determined by a change in a published index rate. The change in the interest rate will result in a change in the monthly payment. The monthly payment can both increase and decrease over the term and loan repayment period. The monthly payment will consist of both interest and principal.
Interest-Only ARM: Fully amortizing loan. For an initial specified period during the loan term, the monthly payment will consist of interest only with no reduction in the principal balance of the loan. After the initial interest-only period, the interest rate changes at a set time for the remaining term of the loan. The change in the interest rate is determined by a change in a published index rate. The change in the interest rate will result in a change in the monthly payment. The monthly payment can both increase and decrease over the loan repayment period. After the initial interest only period, the monthly payment will consist of both interest and principal resulting in a higher monthly payment.
Home Equity Line of Credit Offer and Rates: A qualifying TD Bank personal checking account is required to be eligible for this additional 0.25% discount. This relationship discount may be terminated and the interest rate on this account may increase by 0.25% upon closure of the qualifying checking account. The following fees apply: origination fee of $99 (this is a finance charge), and early termination fee of 2% of outstanding principal balance (maximum $450) if line of credit is paid off within 24 months. Property insurance is required. If you pay interest only, you still owe the amounts drawn and your monthly payment will increase when the interest-only period ends. For line amounts greater than $500,000, additional terms and conditions will apply. Rates may vary by state, and are applicable to the state in which the collateral property is located. Ask us for details.
Visa is a registered trademark and service mark of Visa International Service Association, and is used by TD Bank, N.A. pursuant to license from Visa U.S.A. Inc. TD Bank, TDPCW, their affiliates, and TD Wealth Relationship Managers and Advisors do not provide legal or tax advice. Any tax advice in this material is not intended or written to be used, and cannot be used, by any recipient for the avoidance of penalties under federal tax laws.
Loans subject to credit approval.