Compare Home Equity Loans and Lines of Credit
Home Equity Lines of Credit | Home Equity Loans | |
---|---|---|
Features: |
A flexible line of credit against the equity in your home that you can draw from when you need it. TD Bank EquityAccess PLUS |
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: |
|
|
Primary purpose: |
|
|
Interest rate: | Variable, with a fixed-rate option | Fixed |
Home ownership required: | Yes | Yes |
Potential tax deduction of interest†: | Yes | Yes |
Access to your funds: | Visa® EquityAccess Card* and personalized checks – at a TD Bank location or online | Receive all funds in one lump sum |
Maximum combined Loan-to-Value %: | 89.9% of home's value | 89.9% of home's value |
Calculators
Questions? Want help applying?
Talk to a home lending specialist at
1-800-822-6761