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another property that is in foreclosure. How long would it take for approval of an equity loan on a home that has no mortgage?. The home value is about $375,000 and I would like credit approval for $175,000. I plan on making a visit to my local TD Bank tomorrow.
Jim, Wilmington, NC
January 12, 2015 07:22:44 PM
In reply to Jim, Wilmington, NC
Great to hear that you’re interested in learning more about our Home Equity Loans, Jim! Thanks for considering TD and it's our pleasure to help.
First, the application process for a Home Equity Loan with TD Bank will typically take 2 business days. After this time frame, you'll have a decision on your application.
If approved, the loan closing will be completed within 48-49 calendar days. Additionally, a 3-day rescission period may apply. After this time, you'll be able to transfer the funds to an existing TD deposit account you may have, or withdraw funds at any TD Bank Store.
If you have not already done so, we invite you to visit http://bit.ly/1cJ2lJA for more information on the types of loans we have available. To apply for a Home Equity Loan with us you may use the Apply Now buttons, or contact our Financial Solutions Group Specialists 24/7 by calling 800-937-5020. They will be more than happy to answer any questions you may have and also help with the application process.
If you prefer speaking with a Representative in person, please feel free to stop by a TD Bank store in your neighborhood during normal lobby hours. They will also be able to assist you with your application. For hours and locations near you please visit: http://bit.ly/TDStores.
Hope this is the info you were looking for, Jim. Best of luck with your new investment!
Kristen P, Mount Laurel
January 12, 2015 07:29:51 PM