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Home Equity Lines of Credit and Loans

Your real Annual Percentage Rate (APR) may be different than the rates revealed. Rates might differ by state, and apply to the state in which the collateral residential or commercial property lies. Your APR is based on the particular qualities of your credit application consisting of however not restricted to: evaluation of credit rating, amount of credit asked for, residential or commercial property type, lien position, integrated loan to worth, and/or geographical area. Rates subject to alter.

2APR is variable based on the Wall Street Journal Prime % to %, and will not exceed 18%. As of, Prime Rate is %. Minimum line amount for Prime % is $200,000. Other rates are offered for credit lines in amounts listed below $200,000. APR computation consists of an origination charge, which is considered a financing charge, and does not include additional fees and charges that might be appropriate.

For loans secured by New York residential or commercial property: TD Bank NA is signed up with the Superintendent of New York. You might file complaints and get more info about the servicer by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or by checking out the Department’s site at www.dfs.ny.gov.

Loans based on credit approval. Equal Housing Lender 

1The rate is for illustrative and academic purposes just. Your real Annual Percentage Rate (APR) may be different than the rates shown. Rates may vary by state, and are appropriate to the state in which the collateral residential or commercial property lies. Your APR is based on the particular qualities of your credit application including however not limited to: assessment of credit report, amount of credit requested, residential or commercial property type, lien position, integrated loan to worth, and/or geographic area. Rates subject to change.

Combined loan to worth (CLTV) is a portion determined by dividing your overall outstanding mortgage(s) – or liens – by the market worth of the residential or commercial property. Maximum combined loan to value (CLTV) is based on creditworthiness, residential or commercial property type, occupancy, lien position and loan amount. Occupancy is related to how you use the residential or commercial property. 1) Primary occupancy: a residential or commercial property in which you live the majority of the year; 2) Secondary occupancy: a residential or commercial property in which you live part of the year (e.g., weekends or trips); 3) Investment: a residential or commercial property that is used by others, in which you may or may not get lease.

Offer legitimate on loan/line amounts up to $500,000. For loan/line quantities greater than $500,000, additional terms will apply. Lien position may impact the optimum loan/loan quantity.

Available on 1-4 family main or secondary residences, excluding mobile homes, boats, RVs, and homes for sale, under building or on leased land. For co-ops, extra terms and conditions will use. For a residential or commercial property value greater than $2.5 million, additional terms and conditions might apply. Residential or commercial property insurance is required.

TD Bank does not use closed end loans (i.e. Home Equity Loans) for the purpose of post-secondary (college) education financing.

TD Bank does not offer student loans.

Interest paid on an equity line or equity loan might be tax deductible. Consult your tax consultant about the deductibility of interest.

2APR is variable based upon the Wall Street Journal Prime % to %, and will not exceed 18%. As of, Prime Rate is %. Minimum line quantity for Prime % is $200,000. Other rates are available for lines of credit in quantities below $200,000. APR estimation includes an origination cost, which is considered a finance charge, and does not include extra charges and charges that may be appropriate.

A TD Bank personal bank account is needed to be qualified for the additional % rate discount rate, which is shown in the rate revealed here. The relationship discount may be ended and the interest rate on this account might increase by % upon closure of the individual bank account.

The following costs use: annual cost of $50 (other than on loan quantities less than $50,000) is assessed after 1 year anniversary; origination charge of $99 is a finance charge; an early termination fee of 2% of exceptional principal balance with a max of $450 uses if credit line is paid off and closed within 24 months from the date the account is opened. Closing costs exist on lines of credit greater than $500,000, investment residential or commercial properties and co-ops. When re-financing a mortgage or home equity loan/line, a mortgage discharge charge might use.

If you pay interest only, you will still owe the quantities drawn and your regular monthly payment will increase when the interest-only duration ends.

3The rates of interest is fixed for the life of the loan. % Annual Percentage Rate (APR) is for loan amounts in between $100,000 and $499,999 with 120-month term and security residential or commercial property in 2nd lien position. Loan terms can range from 5 years to thirty years. Since, APRs for Home Equity Loans vary from % to %. The APR will not surpass 18%. Other rates are readily available for other loan amounts and terms.

Rate shown consists of discount of 0.25% requiring Automatic Payment Deduction from a TD Bank individual checking or savings account.

of $99, which is a financing charge, uses.

For loans secured by New York residential or commercial property: TD Bank NA is signed up with the Superintendent of New York. You may submit complaints and acquire more details about the servicer by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department’s website at www.dfs.ny.gov.

Mortgage and Home Equity Servicing Fee Schedule

TD Bank NA might use third-party companies during the maintenance of your loan. Please call TD Bank NA if you have any concerns.