Home Equity Lending Checklist

After you submit your Home Equity application we will contact you to request any additional information, if needed, which could include the following:

Deed – Copy of recorded deed to the subject property
Pay stub – Most current pay stub
Tax Returns – Last 2 years with all schedules (if you are self-employed)
Verification of any additional income not shown on Tax returns
Trust Agreement (if applicable)
Tax Assessment
Mortgage Statement – Most recent statement with outstanding balance
Listing of payoffs for debt consolidation

Information required at or prior to loan closing:

A review of your insurance binder or policy to ensure sufficient coverage for all outstanding liens or maximum coverage allowed – For current flood insurance policies, a copy of the policy declaration pages showing effective dates, property address, the bank listed as mortgagee and amount of coverage. If flood insurance is required for the first time, a copy of a paid receipt for the first year's premium must accompany the insurance application.
Payoffs – Amount, payee name, address, account numbers
Customer photo identification – Driver's license, state picture ID, U.S. military ID or U.S. passport are acceptable.

An evaluation of your property, which may include an appraisal with an interior inspection, is required. If an interior evaluation is required, your lending specialist will contact you to discuss the best time the appraiser or broker can reach you to set up an appointment. Your loan closing will occur in the TD Bank store of your choice.

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Home Equity Lending Checklist

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