Weekly Squeeze - Underwriting Updates - TD

We're excited to announce that the 2024 TD Cash Offer is now available until October 31st, 2024!

Please advise any customers in your pipeline with a TD Mortgage or TD Home Equity FlexLine with a Term Portion funding by October 31, 2024, of the offer. This means that any deal already in the pipeline qualifies!

Note: The offer is available for a 3-year closed term or longer.

Enhanced Cash Incentive and Updated Tiers

To help encourage more customers to choose TD for their home financing needs, this year’s offer gives customers an enhanced cash incentive to improve our ability to compete amidst heightened competition. Tiers start at a minimum of $100,000 of new funds. Cash offer has also been increased for customers that qualify at higher tier levels.

Purchase, Refinance and Transfer-in customers can benefit from a cash bonus of up to $4,100 based on the amount of new funds borrowed from TD if they meet all the requirements.

The requirements are:

• Selecting a TD Mortgage or a Term Portion on a new TD Home Equity FlexLine that:
  • Has a minimum three-year closed to prepayment term
  • Has a new principal amount of $100,000 or more
• In order to receive the cash bonus, the pre-authorized debit (PAD) payments for the Mortgage  must be debited from an existing or new TD Chequing or Savings Account.

Enhanced Cash Incentive and Updated Tiers

• With the Mortgage, having/opening a TD Chequing or Savings Account:
  • In order to receive the cash bonus the pre-authorized debit (PAD) payments for the Mortgage must be debited from an existing or new TD Chequing or Savings Account. To do this, the customer must provide details for the TD Chequing or Savings Account in the form of a 'void' cheque' to the solicitor or notary at closing. Please ensure your customer understands this requirement.
• Important: If the customer does not have an existing TD Chequing or Savings Account, they can open one via the following methods:
  • Online at Open a TD Account Online.
  • EasyLine™ telephone banking at 1-866-222-3456.
  • TD branch.
• Qualifying customers will automatically receive the cash bonus within 60 days of funding, as follows:
  • TD Mortgage: deposited directly to their TD PAD account.
  • TD Home Equity FlexLine: applied directly to the Revolving Portion.

What you need to do:

• Please see the attached flyer for more information.

https://mypineapple.my.salesforce.com/sfc/p/1N000002b2lS/a/OG000000xJTF/tgx.VE3MglhiIvwLfNNFxM8Lolr2KD1iukbpbm0PkM4