Compare TD Bank Home Equity Loans and Lines of Credit


Features

Compare the benefits and features of home equity loans to home equity lines of credit item 1
Home Equity Lines of Credit
A flexible line of credit against the equity in your home that you can draw from when you need it.

The TD Bank EquityAccess PLUS is a line of credit with the option to protect your TD Bank checking accounts from overdrafts

Home Equity Loans
Borrow a certain amount for a specific period of time. Your payments are fixed, so you’ll know what your payment will be every month

Best for you if

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Home Equity Lines of Credit
  • Your budget allows for variable monthly payment
  • You will need your money in different amounts at different times
  • You want the security of having an overdraft protection line of credit available with TD EquityAccess PLUS
Home Equity Loans
  • You want a stable monthly payment
  • You like the security of a fixed rate
  • You want to pay off your loan in a period of time that you choose

Primary purpose

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Home Equity Lines of Credit
  • Home improvements
  • Refinance existing mortgage
  • Debt consolidation
  • Major purchase
  • Educational expenses
  • Unexpected expenses
Home Equity Loans
  • Home improvements
  • Refinance existing mortgage
  • Debt consolidation
  • Major purchases
  • Educational expenses

Interest rate

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Home Equity Lines of Credit
Home Equity Loans
Fixed

Home ownership required

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Home Equity Lines of Credit
Yes
Home Equity Loans
Yes

Potential tax deduction of interest*

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Home Equity Lines of Credit
Yes
Home Equity Loans
Yes

How to access your funds

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Home Equity Lines of Credit
Visa® EquityAccess Card1 and personalized checks – at a TD Bank location or online
Home Equity Loans
Receive all funds in one lump sum

Maximum combined loan-to-value %

Compare the benefits and features of home equity loans to home equity lines of credit item 8
Home Equity Lines of Credit
89.9% of home's value
Home Equity Loans
89.9% of home's value

Calculate your home equity rate and payment

Use our calculator to find the rates and terms to go with the loan you need.

Get the most out of your home's equity

Ready to choose?

Get more details on TD Bank Home Equity Loans and Lines of Credit, including rates and how to apply

Already started a HELOC application?

Finish your saved TD Bank Home Equity Line of Credit or TD Bank EquityAccess PLUS application

Check the status of your application

See where your TD Bank Home Equity Loan or Home Equity Line of Credit is in the application process

Make a TD Bank Home Equity payment

Log in to the TD Online Loan Payment Center to make a home equity loan or line of credit payment or pay by phone at 1-888-751-90001-888-751-9000


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