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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.
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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.