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?
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.
|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
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
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
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.
Talk to a mortgage advisor at 1-800-822-6761