Home Equity Lines of Credit and Loans

Home equity financing has the flexible options you need to achieve your goals. With a TD Bank Home Equity Line of Credit or Loan, you can renovate and improve your home, consolidate debt, finance education and make major purchases. Get the money you need to do the things you want.

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Use TD Home Loan Match to see rate and payment options to help you find the best loan to get cash out of your equity.


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Ways to apply

1The rate is for illustrative and educational purposes only. Your actual Annual Percentage Rate (APR) may be different than the rates shown. Rates may vary by state, and are applicable to the state in which the collateral property is located. Your APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, combined loan to value, and/or geographic location. Rates subject to change.

Combined loan to value (CLTV) is a percentage calculated by dividing your total outstanding mortgage(s) – or liens – by the market value of the property. Maximum combined loan to value (CLTV) is based on creditworthiness, property type, occupancy, lien position and loan amount. Occupancy is related to how you use the property. 1) Primary occupancy: a property in which you live most of the year; 2) Secondary occupancy: a property in which you live part of the year (e.g., weekends or vacations); 3) Investment: a property that is used by others, in which you may or may not receive rent.

Offer valid on loan/line amounts up to $500,000. For loan/line amounts greater than $500,000, additional terms and conditions will apply. Lien position may affect the maximum loan/loan amount.

Available on 1–4 family primary or secondary residences, excluding mobile homes, boats, RVs, and homes for sale, under construction or on leased land. For co-ops, additional terms and conditions will apply. For a property value greater than $2.5 million, additional terms and conditions may apply. Property insurance is required.

TD Bank does not offer closed end loans (i.e. Home Equity Loans) for the purpose of post-secondary (college) education financing.

TD Bank does not offer student loans.

Interest paid on an equity line or equity loan may be tax deductible. Consult your tax advisor about the deductibility of interest.

2APR is variable based on the Wall Street Journal Prime % to %, and will not exceed 18%. As of , Prime Rate is %. Minimum line amount for Prime % is $200,000. Other rates are available for lines of credit in amounts below $200,000. APR calculation includes an origination fee, which is considered a finance charge, and does not include additional fees and charges that may be applicable.

A TD Bank personal checking account is required to be eligible for the additional % rate discount, which is reflected in the rate shown here. The relationship discount may be terminated and the interest rate on this account may increase by % upon closure of the personal checking account.

The following fees apply: annual fee of $50 (except on loan amounts less than $50,000) is assessed after one-year anniversary; origination fee of $99 is a finance charge; an early termination fee of 2% of outstanding principal balance with a max of $450 applies if line of credit is paid off and closed within 24 months from the date the account is opened. Closing costs exist on lines of credit greater than $500,000, investment properties and co-ops. When refinancing a mortgage or home equity loan/line, a mortgage discharge fee may apply.

If you pay interest only, you will still owe the amounts drawn and your monthly payment will increase when the interest-only period ends.

3The interest rate is fixed for the life of the loan. % Annual Percentage Rate (APR) is for loan amounts between $100,000 and $499,999 with 120-month term and collateral property in second lien position. Loan terms can range from 5 years to 30 years. As of , APRs for Home Equity Loans range from % to %. The APR will not exceed 18%. Other rates are available for other loan amounts and terms.

Rate shown includes discount of 0.25% requiring Automatic Payment Deduction from a TD Bank personal checking or savings account.

Origination fee of $99, which is a finance charge, applies.

For loans secured by New York property: TD Bank NA is registered with the Superintendent of New York. You may file complaints and obtain further information about the servicer by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department's website at www.dfs.ny.gov.

Mortgage and Home Equity Servicing Fee Schedule

TD Bank NA may utilize third-party providers during the servicing of your loan. Please contact TD Bank NA if you have any questions.

Loans subject to credit approval. Equal Housing Lender 

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