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Can I purchase a home with a TD Canada Trust Home Equity Line of Credit?
Purchasing with a Home Equity Line of Credit
You can purchase a home with a TD Canada Trust Home Equity Line of Credit. (HELOC). A HELOC is available both for a home purchase and as a source of credit for other purposes. For a purchase, you require a 20% down payment and you can put the balance on your HELOC. If your down payment is more than 20%, you could put the balance on your Line of Credit and have additional credit available to you.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.