TD发信要涨LINE OF CREDIT的利息

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DaChe

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TD发信要涨LINE OF CREDIT的利息, anyone can organize to fight back?
 
TD发信要涨LINE OF CREDIT的利息, anyone can organize to fight back?

最近有好几个类似的帖子,但都没有解释清楚是涱息呢,还是里面的MORTGAGE涱息?如果这个都没有说清,旁人怎么帮你出主意呢?

通常以房屋做抵押,80%的VALUE是Secured LINE OF CREDIT;然后这里头有一部分做成MRTGAGE。
Secured LINE OF CREDIT的利息银行是可以任意改变的,但MORTGAGE的RATE应该在Maturity-Date之前是不可以改变的。从来没有听说过敲定的MORTGAGE-RATE可以在到期之前更改的,不管是VARIABLE还是FIXED。
 
从来没有听说过敲定的MORTGAGE-RATE可以在到期之前更改的,不管是VARIABLE还是FIXED。

Variable的利率当然会变,不过是估计一个公式来变。例如,prime - 0.6。

实在弄不懂大家在这里为TD涨利息叫什么屈。
 
实际上我怎么感觉用LOC还不如用信用卡,比如在一个billing circle中将信用卡全pay off 的话,一分钱利息不用交;而LOC是只要用,就得按天交利息,以前用LOC的时候,以为是是将所有的outstanding balance 付清了,可是等下月账单到了,又有产生的利息零头在上边。而我的信用卡利息也不高,P+2%,还没有年费,感觉也不错。
 
实际上我怎么感觉用LOC还不如用信用卡,比如在一个billing circle中将信用卡全pay off 的话,一分钱利息不用交;而LOC是只要用,就得按天交利息,以前用LOC的时候,以为是是将所有的outstanding balance 付清了,可是等下月账单到了,又有产生的利息零头在上边。而我的信用卡利息也不高,P+2%,还没有年费,感觉也不错。

你说的很对。

前几年利息高的时候,信用卡公司说转balance给4%的利息。结果俺就吧LOC上的balance转到了信用卡上,当然也不用信用卡来买东西。

注意:如果你信用卡上有balance,如果你用同一信用卡来买东西,新的就不是低利息。而且百分之十几或者20多的利息了。
 
你说的很对。


注意:如果你信用卡上有balance,如果你用同一信用卡来买东西,新的就不是低利息。而且百分之十几或者20多的利息了。
我的信用卡利息一直是 p+2%,不是那种银行的短期promotion利息。所以无论是purchase 还是balance transfer,都是这个利息。
 
I wonder if anyone here may give me some advice.

I have a line of credit account in TD bank but I never use it before.
Is it better for me to close account or just keep it for future use?
If decide to close it, does it cost lot?

Thanks
 
Line of credit interest change

I guess the original poster didn't make it clear enough. Actually allmost all the banks have changed their interests for Line of Credit, to prime+1.

No matter what rates you got from the bank when your line of credit accounts were opened (could be prime, or prime+0.5), the rates are changed to prime+1. They don't care if customers agree or not.

But do check out your agreement for line of credit though...
 
I guess the original poster didn't make it clear enough. Actually allmost all the banks have changed their interests for Line of Credit, to prime+1.

No matter what rates you got from the bank when your line of credit accounts were opened (could be prime, or prime+0.5), the rates are changed to prime+1. They don't care if customers agree or not.

But do check out your agreement for line of credit though...

Only RBC doesn't, so far.

My home equity LOC is with TD and I discussed my concern with a branch manager a few days ago. Basically there is no way to alter this...

The banks dare to damage their own reputations to do this probably means something to us...I guess if/when the prime rate is "allowed" to increase, then we may see some hikes... Be prepared...
 
Only RBC doesn't, so far.

My home equity LOC is with TD and I discussed my concern with a branch manager a few days ago. Basically there is no way to alter this...

The banks dare to damage their own reputations to do this probably means something to us...I guess if/when the prime rate is "allowed" to increase, then we may see some hikes... Be prepared...
我也有同样的情况,是因为前几年的房贷利息高过LOC很多,所以拆了东墙补西墙。不想还没补完,东边又刮大风了 :(
不过,今天SCOTIA的银行账户经理帮我开了个一年的房贷,把LOC里拆走的钱加进去,利息是2.55比2.25的 PRIME是高点了,不过比3.25还是少些了,算是回旋一下吧,据说,一年的固定利息一向是促销点,所以一向都低。
TD没有给你出些类似的主意吗?那别跟他们玩了,转SCOTIA吧:D
 
我也有同样的情况,是因为前几年的房贷利息高过LOC很多,所以拆了东墙补西墙。不想还没补完,东边又刮大风了 :(
不过,今天SCOTIA的银行账户经理帮我开了个一年的房贷,把LOC里拆走的钱加进去,利息是2.55比2.25的 PRIME是高点了,不过比3.25还是少些了,算是回旋一下吧,据说,一年的固定利息一向是促销点,所以一向都低。
TD没有给你出些类似的主意吗?那别跟他们玩了,转SCOTIA吧:D

我有一个p-0.75%的conventional mortgage,LOC是个backup second mortgage,没用那里的钱。

当年td花言巧语把我从rbc拉过去。。。就是咽不下这口气去理论理论,害得我花了一个多小时。。。
 
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