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Home Equity Comparison Chart

Not sure which home equity loan product is right for you? Read more about the benefits and features of each to help you decide.


Apply   Calculate your rate and payments

Features and benefits Line of Credit Term Loan TD Bank EquityAccess PLUS
Product Description A flexible line of credit against the equity in your home that you can draw from when you need it. 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. A line of credit with optional features that allow you to earn rewards on everyday purchases using your Visa® EquityAccess PLUS Rewards Card and protect your TD Bank checking account from overdrafts.
Best for you if:
  • Your budget allows for a variable monthly payment
  • You will need your money in different amounts and at different times
  • 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
  • You enjoy the security of having an overdraft protection line of credit available
  • Your budget allows for a variable monthly payment
  • You will need your money in different amounts and at different times
Primary Purpose
  • Home improvements
  • Educational expenses
  • Major purchases
  • Refinance existing mortgage
  • Bill consolidation
  • Home improvements
  • Educational expenses
  • Major purchases
  • Refinance existing mortgage
  • Home improvements
  • Educational expenses
  • Everyday purchases
  • Refinance existing mortgage
    • Interest Rate Option Variable with a Fixed Rate Option Fixed Variable with a Fixed Rate Option
    Home Ownership Required Yes Yes Yes
    Potential Tax Deduction of Interest† Yes Yes Yes
    Access to Your Funds Visa® Equity Access Card*, personalized checks – at a store or online Receive all funds in one lump sum TD Bank Visa EquityAccess PLUS Rewards Card*, personalized checks – at a store or online, as well as through your checking account if enrolled in optional overdraft protection.
    Maximum
    Loan-to-Value %     		89.9% of home's value 89.9% of home's value 89.9% of home's value


    Apply   Calculate your rate and payments

    †Consult a tax advisor regarding the deductibility of interest.

    Need more information?

    If you need our help or would like to apply by phone, call us at 800-937-5020.

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