Why Choose a Home Equity Loan or Line of Credit?



Consolidate Debt

A home equity loan or line of credit makes it easy

Replace multiple monthly bills with one simple home equity loan or line of credit payment, and save with lower interest rates than most conventional credit cards and personal loans.
Compare how to use home equity makes it easy to consolidate debt.
Home Equity Lines of Credit
Home Equity Loans
Borrow what you need, as you need it (up to your credit limit)
Receive your loan in one lump sum
Variable rates, with a fixed-rate option
Fixed-rate with flexible term options
Flexibility in managing unplanned expenses
Lower interest rate than other forms of credit
Check with your tax advisor to see if the interest you pay is tax deductible
Check with your tax advisor to see if the interest you pay is tax deductible

Renovate Your House

Use home equity financing to improve your home

Whether you’re planning a do-it-yourself project or a major renovation, a home equity loan or line of credit can help you increase your home’s value using the equity you’ve built.
Compare home equity financing to renovate your home.
Home Equity Lines of Credit
Home Equity Loans
Great for projects that may have unexpected costs
Good for renovations that have set costs
Borrow what you need, as you need it (up to your credit limit)
Receive your loan in one lump sum
Variable rates, with a fixed-rate option
Fixed-rate with flexible term options
Flexibility in managing unplanned expenses
Stable and predictable monthly payments
Can be used toward energy-efficient upgrades*, such as new windows and insulation
Use it to improve your home’s energy efficiency*, such as new appliances or heating/cooling upgrades

Make a Major Purchase

Use a home equity loan or line of credit to pay for education expenses or make other big purchases like a vacation or a new car.
Make a major purchase using either a home equity loan or home equity line of credit.
Home Equity Lines of Credit
Home Equity Loans
Borrow what you need, as you need it (up to your credit limit)
Receive your loan in one lump sum
Variable rates, with a fixed-rate option
Fixed-rate with flexible term options
Flexibility in managing unplanned expenses
Stable and predictable monthly payments
Access funds by check, direct deposit or Visa® EquityAccess Card1
Lower interest rate than other forms of credit
Check with your tax advisor to see if the interest you pay is tax deductible
Check with your tax advisor to see if the interest you pay is tax deductible

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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