Real Estate

Is this possible? HELOC of 10% Plus Prime Secured FROM TD

  • Last Updated:
  • Apr 6th, 2021 8:26 am
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[OP]
Newbie
Apr 2, 2021
4 posts

Is this possible? HELOC of 10% Plus Prime Secured FROM TD

Hi, I know a friend who has a HELOC of 10% Plus Prime Secured FROM TD? I thought they were joking.
6 replies
Deal Expert
User avatar
Jan 27, 2004
46319 posts
9333 upvotes
T.O. Lotto Captain
I think we have the same friend! Buddy was telling me about his 10% HELOC from TD.
I later found out it was wasn't TD... but with Fairstone financial. I helped him look over the paper work.
They're the type of people who give credit to anyone with terrible credit.
the guy was like 12 months late on all his credit cards and lines of credits. Everything in collections. Didnt make a single payment to anything since covid happened. It was the only lender to give him a loan. But they were tricky... It was a broker who said "WE WORK WITH TD and *whisper* other private lenders *whisper* ... TO GIVE YOU A GOOD RATE!".

So thats the explaination why.

Man what a small world...
[OP]
Newbie
Apr 2, 2021
4 posts
yeah, odd. Im pretty sure its from TD I have the title from the house he showed me I couldn't believe shouldn't this be illegal?
[OP]
Newbie
Apr 2, 2021
4 posts
not sure if its a heloc or not though, if i post the title could you know?
Sr. Member
Jun 19, 2007
795 posts
756 upvotes
Halifax
Curious why people who suck with money think more money will fix their problems.
Deal Addict
Jul 3, 2007
3392 posts
3722 upvotes
Toronto
seadog83 wrote: Curious why people who suck with money think more money will fix their problems.
thats 90% of the GTA lol

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