Buy Your Next Home

Moving up or moving on?

You've got enough to worry about with the move – we'll make the mortgage part easy.

Will your new home work with your budget?

Start with a rate and payment estimate.


What you need to know

Expand What can I afford?

When shopping for your next home, know how much you may be qualified to borrow for your new mortgage. Talk to your TD Bank mortgage advisor to get prequalified and learn about your loan options.

  • To get prequalified, you will need to provide your basic debt, income and asset information; your mortgage advisor will pull a credit report
  • By the end of your conversation with your advisor, you'll know how much you prequalify for and how much home you can afford
Expand How do I sell my current home to help pay for my new home?

If you plan to use money from the sale of your current home to finance the downpayment for your next home, your real estate professional and mortgage advisor can help with this process.

STEP 1: Before you list your home
Get your current home ready to show by getting rid of clutter and making small improvements, if necessary.

Work with a real estate professional to set a realistic asking price that will help you estimate your net proceeds from the sale.

Based on that estimate, your mortgage advisor can work with you to estimate a possible downpayment, as well as how much of a mortgage loan you may qualify for.

STEP 2: Once your house is under contract with an offer
If the net proceeds from the sale of your home are less than you estimated, you will want to speak with your mortgage advisor to make any necessary adjustments in how much you can borrow for your new home.

Keep in mind that realtor fees, taxes and other expenses may decrease the amount you anticipate receiving from the sale of your home.

STEP 3: Coordinating your closings
The closing agent will coordinate both closings on the same day, including the transfer of funds from the sale of your current home to the purchase of your new home.

If your closings are not coordinated, your mortgage advisor can help structure your new loan so you can carry two mortgages, if you qualify.

Have questions? Ready to apply? We're here.

Schedule my call

Talk to a mortgage advisor at 1-800-822-6761

Find your local mortgage advisor