Compare Home Equity Loans and Lines of Credit
|Home Equity Lines of Credit||Home Equity Loans|
A flexible line of credit against the equity in your home that you can draw from when you need it.
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TD Bank EquityAccess PLUS
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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.
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|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|
†Consult a tax advisor regarding the deductibility of interest.
*See the Card Disclosure for details about transactions, fees, rights and special rules.
©2016 Visa U.S.A. Inc.
Loans subject to credit approval. Equal Housing Lender
Category: Bank loan