The TD Canada Trust Green Mortgage and the TD Canada Trust Green Home Equity Line of Credit (HELOC) are claimed to offer a lower interest rate and rebates on certain purchases, while giving back to the environment.
TD Canada Trust’s green products offer a five-year fixed rate Green Mortgage or Green HELOC with a five-year fixed portion at 1% lower than the posted rate. In addition, upon validation TD Canada Trust will provide a cash rebate of up to 1% of the amount of the mortgage or fixed portion of the HELOC when the customer purchases and submits receipts for Energy Star qualified products within six months of the term start date of the financing.
Joan Dal Bianco, vice president of real estate secured lending at TD Canada Trust, said: We’re pleased to be able to support this shift with the first product offering of its kind on the market that brings together home borrowing with Canadians’ efforts to make environmentally friendly changes to their homes.
