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January 26, 2015 05:53:23 PM
Borrowing & Managing Your Credit
1 person recommended this |
In reply to Kunal, Edison
Great question, Kunal and thanks so much for visiting us here on TD Helps! It's our pleasure to assist you.
For a primary residence that you may have a Home Equity Loan for, the highest allowable debt to income ratio that TD Bank offers is 49%. A range of 43 – 49% is available depending on your credit score. For second homes and investment or rental properties, the maximum debt to income ratio offered by TD is 43%.
If you are considering a loan with us, feel free to review our Home Equity products here: http://bit.ly/1cJ2lJA. To apply, you may apply online 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 about our products and also help with the application process. If you already have an existing loan with us, you can also reach us at the number just mentioned for any account service you may need.
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 nearest you please visit: http://bit.ly/TDStores.
Hope we've answered your question, Kunal and thanks again for stopping by! Best of luck and enjoy the week ahead.
Kristen P, Mount Laurel
January 26, 2015 05:54:29 PM
2 people recommended this
When calculating DTI do you also include rental income in the calculation. I know the mortgages on investment properties will be included in the calculation but not sure about the rental income.
March 14, 2016 07:38:37 AM
1 person recommended this
In reply to PETER, HOHOKUS
Thanks for joining us on TD Helps, Peter. We'll be happy to clear up any confusion.
Due to the specifics of your question, we also recommend connecting with our Financial Solutions Group 24/7 at 800-937-5020, using Option 1. Any one of our Specialists would be more than happy to go over the best options for you, as well as review the application process details.
Additionally, we encourage you to review the loans we currently offer and you may visit http://bit.ly/1MnTH0v and http://bit.ly/1cJ2lJA for more information.
We hope this helps out, Peter. Let us know if you have any other questions.
Kris M, Mt. Laurel
March 14, 2016 07:39:30 AM
In reply to Kristen, Mount Laurel
Hello I wanted to know what the DTI maximum percentage is for the Equity line of credit not the loan.
March 22, 2016 08:13:31 AM
In reply to neyda, Miami
Thanks for joining the conversation, Neyda.
As rates that TD Bank can accept for certain loan terms (such as debt-to-income ratios and FICO scores) are always subject to change depending on the market, we encourage you to reach out to us directly by phone to review our current terms. One of our Financial Solutions Group Specialists would be glad to review our current structure and terms with you and even submit an application right over the phone if you'd like! Feel free to reach us 24/7 at 800-937-5020.
And if you have any further questions, feel free to ask when we speak with you; or, you're always invited to speak with a Specialist in person at any of our TD locations. For a listing of our hours and locations please view our Store locator here: http://bit.ly/TDStores.
We appreciate your visit, Neyda.
Alara B, Mount Laurel
March 22, 2016 08:13:58 AM