Compare TD Bank Home Equity Loans and Lines of Credit

Compare the benefits and features of our home equity financing options. Choose a TD Bank Home Equity Loan for a predictable monthly payment and fixed interest rate, or a TD Bank Home Equity Line of Credit for competitive rates and funds when you need them. Which lending option is right for you? Review the benefits and features of our home equity financing options.

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

Compare the benefits and features of home equity loans to home equity lines of credit item 2
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

Compare the benefits and features of home equity loans to home equity lines of credit item 3
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

Compare the benefits and features of home equity loans to home equity lines of credit item 4
Home Equity Lines of Credit	Variable, with a fixed rate option
Home Equity Loans	Fixed

Home ownership required

Compare the benefits and features of home equity loans to home equity lines of credit item 5
Home Equity Lines of Credit	Yes
Home Equity Loans	Yes

Potential tax deduction of interest*

Compare the benefits and features of home equity loans to home equity lines of credit item 6
Home Equity Lines of Credit	Yes
Home Equity Loans	Yes

How to access your funds

Compare the benefits and features of home equity loans to home equity lines of credit item 7
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

Compare the benefits and features of home equity loans to home equity 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. The TD Bank EquityAccess PLUS is a line of credit with the option to protect your TD Bank checking accounts from overdrafts	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	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	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	Home improvements Refinance existing mortgage Debt consolidation Major purchase Educational expenses Unexpected expenses	Home improvements Refinance existing mortgage Debt consolidation Major purchases Educational expenses
Interest rate	Variable, with a fixed rate option	Fixed
Home ownership required	Yes	Yes
Potential tax deduction of interest*	Yes	Yes
How to access your funds	Visa^® EquityAccess Card¹ 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

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