Real Estate

HELOC - No fees/best rate?

  • Last Updated:
  • Mar 22nd, 2017 1:48 pm
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Newbie
Aug 24, 2011
42 posts
clax66 wrote:
Mar 3rd, 2017 9:14 am
Is the TD promo official? I called the info line and they had never heard of it. If someone could give some details I would appreciate it.
Thanks
We just used the promo from TD. They cover appraisal fee , legal fee and credit you with 300$ towards discharge from other bank,
Newbie
Aug 19, 2007
8 posts
Edmonton
vitlen wrote:
Mar 7th, 2017 8:57 pm
We just used the promo from TD. They cover appraisal fee , legal fee and credit you with 300$ towards discharge from other bank,
Hi, I'm looking to get approved for a HELOC as well. Can you please pm details of person you dealt with in order to secure one?

Thanks
Member
Mar 30, 2009
345 posts
42 upvotes
Windsor
I refied my TD mortgage to a FlexLine term portion a couple of weeks ago. Didn't borrow an additional 50k, but they still waived all fees (mortgage was over 50k though, still not sure whether this is standard or I was a special case).
Deal Addict
User avatar
Feb 16, 2004
1465 posts
45 upvotes
York Region
vitlen wrote:
Mar 7th, 2017 8:57 pm
We just used the promo from TD. They cover appraisal fee , legal fee and credit you with 300$ towards discharge from other bank,
do you need to sign up for mortgage with them if they credit you with $300 for bank discharge? we just resigned in July 16 for 5 years with First National
Newbie
Mar 20, 2016
20 posts
8 upvotes
calgary
clark_ji wrote:
Mar 16th, 2017 12:17 pm
Is the td offer now active?
ya; active; signed all yesterday; the campaign starts today.
Deal Addict
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Feb 16, 2004
1465 posts
45 upvotes
York Region
How is td campaign different from PC financial?
Jr. Member
Apr 6, 2008
109 posts
25 upvotes
TO
VadimSk wrote:
Mar 16th, 2017 2:30 pm
ya; active; signed all yesterday; the campaign starts today.
Thanks. Need to book my appt.
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May 5, 2007
3222 posts
378 upvotes
Torana
edkate wrote:
Mar 16th, 2017 2:39 pm
How is td campaign different from PC financial?
What's the PC campaign?
Member
Sep 19, 2012
422 posts
252 upvotes
Calgary
VadimSk wrote:
Mar 16th, 2017 2:30 pm
ya; active; signed all yesterday; the campaign starts today.
g3.7 wrote:
Mar 10th, 2017 12:46 pm
Hi, I'm looking to get approved for a HELOC as well. Can you please pm details of person you dealt with in order to secure one?
I think you both are in Alberta - any reason why you wouldn't go with Rocky Credit Union? You can get a HELOC with them at prime instead of prime + 0.5% you're probably getting with TD.
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Feb 16, 2004
1465 posts
45 upvotes
York Region
Aggy wrote:
Mar 16th, 2017 6:02 pm
What's the PC campaign?
info is above
Newbie
Mar 20, 2016
20 posts
8 upvotes
calgary
ahlaker wrote:
Mar 16th, 2017 6:07 pm
I think you both are in Alberta - any reason why you wouldn't go with Rocky Credit Union? You can get a HELOC with them at prime instead of prime + 0.5% you're probably getting with TD.
Actually, TD wants prime +0.6 now.

Personally I was looking for free HELOC (I assume Rocky Credit Union would charge fees which TD is waiving now). For my amount and purpose of HELOC's usage, the difference of 0.6% does not make me interested in RCU; at least for now. But thanks for information; will keep in mind
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Apr 12, 2012
1486 posts
416 upvotes
Toronto
ahlaker wrote:
Mar 16th, 2017 6:07 pm
I think you both are in Alberta - any reason why you wouldn't go with Rocky Credit Union? You can get a HELOC with them at prime instead of prime + 0.5% you're probably getting with TD.
At TD you can lock in term portions at below prime.
Member
Sep 19, 2012
422 posts
252 upvotes
Calgary
VadimSk wrote:
Mar 16th, 2017 6:22 pm
Actually, TD wants prime +0.6 now. Personally I was looking for free HELOC (I assume Rocky Credit Union would charge fees which TD is waiving now). For my amount and purpose of HELOC's usage, the difference of 0.6% does not make me interested in RCU; at least for now. But thanks for information; will keep in mind
Fair enough. I don't know if there is a maintenance fee with Rocky's HELOC, nor do I know if they'd reimburse your setup costs. Rate isn't everything as we know.
zobi123 wrote:
Mar 16th, 2017 6:23 pm
At TD you can lock in term portions at below prime.
Sure - but doesn't it become an amortizing product at that point, which by definition, is not a "line of credit"?
Member
Sep 9, 2008
457 posts
67 upvotes
Mississauga
ahlaker wrote:
Mar 16th, 2017 6:29 pm
Sure - but doesn't it become an amortizing product at that point, which by definition, is not a "line of credit"?
Yeah I was at TD yesterday looking to open a HELOC in 2nd position to Scotia (mortgage). The lowest rate they offer for 2nd position is Prime + 1.5%. They also offer the FRAO (Fixed Rate Adv. Option) where they lock in a portion/full balance into variable/fixed term. So the FRAO works like a mortgage inside the HELOC. They were offering 2.15% @ 3YR variable for the FRAO.

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