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I am selling my current home and will want to build a new house on property that I currently have a loan on. Is it best to pay off the loan on the land before applying for a construction loan? Can you send me an outline of what is needed to apply for a construction loan
July 16, 2015 02:46:24 PM
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In reply to Michele, Fitzwilliam
Thanks for your interest in a loan with TD, Michele. We'd be glad to help.
We do offer Construction Loans at TD and we'd be happy to go over them with you. Please contact our Financial Solutions Group Specialists 24/7 at 800-937-5020 and we can review what is required to obtain a Construction Loan as well as discuss your specific lending scenario to determine what options are best for you.
If you'd prefer, you can apply online here: http://bit.ly/1ra61WR. You can also use that link to find out more details about our Construction Loan products.
You also have the option of stopping by a TD Bank Store location and sitting with one of our Customer Service Representatives. They will be able to go over the requirements, questions and fill out an application for a Construction Loan if needed. For our TD Bank locations please follow http://bit.ly/TDStores.
Once an application is submitted you can go to your local TD Bank Store or call our Financial Solutions Group for a status update.
We hope to hear from you soon, Michele and have a good day.
Megan K, Mount Laurel
July 16, 2015 02:47:08 PM