Search

HELOC's Just Got a Lot More Complicated

HELOC's just got a lot more complicated...


In November 2018, Toronto Dominion Bank (TD Bank) changed an important policy surrounding the qualification of a home equity line of credit.


"TD is requiring that applicants prove they can afford a theoretical monthly payment based on the limit - not the outstanding balance - of that HELOC" - according to Robert Mclister of the Globe and Mail.


#appraisals #appraisers #mortgages #lending #privatelending #tacg #theappraisersconsultinggroupofcanada #appraisersconsulting #appraisersconsultinggroup #loans #credit #tdbank #td

The Appraisers Consulting Group of Canada
The Appraisers Consulting Group of Canada

0 views