TD Canada Trust's Green Mortgage & Green Home Equity Line of Credit - Motivator for the public...

This the first of many green mortgage comparisons created to educate the public. For further details contact the bank stated

Today I went to my bank to open a business account and while I was getting ready to leave, I asked the bank representative if they had any Green Mortgages. She replied "YES!!!"

So, I got all the information possible...

TD Canada Trust has these details:

1) LIMITED OFFER (APPLIED FOR BETWEEN APRIL 25th-JULY 31st, 2008: They will rebate up to 1.5% of the amount of the mortgage or the fixed rate portion of the HELOC (Home Equity Line of Credit), when you make ENERGY STAR qualified appliance purchases.

2) STANDARD (after July 31st, 2008) You will receive 1% off the posted interest rate on a 5 year fixed rate portion of a HELOC.

3) STANDARD (after July 31st, 2008) You will receive up to 1% of the amount of the mortgage or the fixed rate portion of the HELOC when you make ENERGY STAR purchases (not installation costs).

4) When you receive the rebate, TD Canada Trust will simultaneously donate $100 to the TD Friends of the Environment Foundation.

This is GREAT!!! It's an incentive for customers to financially benefit from retrofitting their homes and saving $$$ for the long-term..

;>)