TD Bank Mortgage Complaint

TD Bank Mortgage department,

Home equity loan or line of credit Application, originator, mortgage broker New Jersey

This is the second complaint against TD Bank NA. ( - ). I applied for a Home Equity Line of Credit in - 2015. I am asking for a $50000.00 line of credit for a rental property that is worth $270000.00 ( according to their home inspection ). I will pay off the current mortgage ( which is under $20000.00 ) and do a few small repairs ( less than $2000.00 ). It was there suggestion that I ask for Home Equity Loan of $50000.00 @ 5 % interest. Now there asking for information on my residence. I have provided them with everything I could. I have a small home equity loan ( $32000.00 ) on my residence. ( No first mortgage - just the he loan. ) They are asking for a statement which I provided. I deal with a credit union that provides a comprehensive statement that includes checking, savings, and loan information. TD Bank will not accept it. I went to my credit union and they were willing to write a letter, but TD wo n't accept that either. First of all this loan is on a property that THEY valued at $270000.00. I really only wanted $30000.00 to pay off the mortgage and do some repairs. I have provided them with the information they requested. - - - - is willing to write them a letter but they won '' t accept it. They obviously do n't want to give me the loan and want me to give up.