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TD Bank / mortgage refi

Portland, United States

Just a heads up if you are considering a refi with TD bank on an older home. (50% LTV ratio; 800+ credit score; decent salary) You get lured in with pre-approval and no detailed list of requirements. The appraiser walks up, looks at some peeling paint, and says TD won't close the loan. You pay for the full appraisal ($$). TD bank sends a letter saying you need to pay for a lead inspection (which to my understanding the bank uses to confirm it won't close on your older painted home because it has lead paint like most original homes older than 1960) You offer to escrow the paint costs, they decline. They send a letter reminding you of other fees you need to pay. Other than that, everyone was nice enough.

Td
Sep 06, 2014

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