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January 9, 2015 04:57:06 PM
Borrowing & Managing Your Credit
In reply to Vincent, Manahawkin
Great question, Vincent and thanks for bringing it to us on TD Helps! We're happy to help.
If you establish a Home Equity Line of Credit (HELOC) with us, during the Draw Period you're able to advance funds and only repay interest. Once the draw period ends, at that time you'll pay back any principal and interest owed.
For Home Equity Loans, as a lump sum is provided at the time of loan closing, you'll repay principal and interest with each payment during the term of the loan.
If you don't have one of these products with us and you're interested in doing so, the first step would be determining which type of loan best suits you. We invite you to visit http://bit.ly/1cJ2lJA for more information on our available Home Equity products. To apply for a loan or line of credit you may apply online at the link above, or contact our Financial Solutions Group Specialists 24/7 by calling 800-YES-5020 (800-937-5020), Option 1. 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.
If you already have a Home Equity loan or line with us and you'd like any assistance, feel free to reach us using the number above at Option 1, or stop in to speak with a Representative at a Store near you.
Hope this is helpful, Vincent and have a terrific weekend.
Kristen P, Mount Laurel
January 9, 2015 05:02:01 PM