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I have mortgage with another bank. If I open a home equity line of credit, can this be count as 2nd mortgage without touching the existing mortgage? Or I need to borrow more than what I currently own to payoff the existing mortgage and make this line of credit as my 1st mortgage?
June 21, 2016 07:40:26 AM
Borrowing & Managing Your Credit
In reply to Calvin, Elmhurst
Thank you for considering TD for your borrowing needs, Calvin.
We do offer Home Equity Loans and Lines of Credit. You may review our latest information about Home Equity Loans and Lines of Credit and explore your options at: http://go.td.com/1cJ2lJA. We also invite you to visit here: http://go.td.com/1rnl0e4 for our Home Equity Lending Checklist.
To apply, you may fill out the online application from here: http://go.td.com/1sUkzd5, you may also reach out to us by phone 24/7 at 800-937-5020 to speak with a Financial Solutions Specialist or visit us at a TD Bank Store, during lobby hours to apply. Please visit: http://go.td.com/1f9DSJR for the Store locations, hours and telephone numbers near you.
Last but not least, please know that Home Equity Line of Credit can be considered as a second mortgage. We highly recommend speaking with our Financial Solutions Specialists directly at the number listed above to discuss your options. Therefore, we can help you to choose the best option for your borrowing needs.
Hope to hear from you soon, Calvin. We wish you the best!
LiShu R, Mount Laurel
June 21, 2016 07:41:10 AM