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The Home Equity Loan/Line Process

Here's what you can expect during the home equity loan/line process:

  • The online application takes about 20 minutes to complete. We will ask questions about the properties you own, your income, and expenses.
  • Once we receive your application, we may contact you if any additional information is needed.
  • Next, we'll let you know if you've met our Home Equity Loan requirements – and we may send you a letter containing a list of items that may need verification. If you apply for a Home Equity Loan or Line of Credit, you will also receive your Truth-in-Lending disclosure and Good Faith Estimate by mail.

We will guide you in the home equity loan process every step of the way.


A loan underwriter will review your financial profile and compare it to the home equity loan requirements and guidelines for your chosen product. If approved, you will receive a written commitment of the terms and conditions. Processing may include the verification of your financial information, collection of documents to satisfy conditions of the commitment, and a review of the appraisal of the property. We will be happy to answer any questions you may have.


The closing is a meeting of all the related parties to finalize the transaction. At closing, paperwork will be signed and witnessed, and arrangements will be made for the disbursement of the loan proceeds. You must close your loan at a TD Bank location.

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Need more information on home equity loan requirements or the home equity loan process?

If you need our help or would like to apply by phone, call us at 1-800-822-6761.

Understanding your personal credit score

Your credit score is a key factor that is used when you apply for a mortgage, loan or credit card. So how is it calculated, and how can you improve it?

 Learn more about credit scoring