Apply for a mortgage with TD Bank and you could win $250,000 to pay off your home!

CHERRY HILL, N.J. and PORTLAND, Maine, March 1 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, will pay off someone's mortgage up to $250,000.

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TD Bank understands what home ownership means to many Americans, and that dream is typically the most expensive to maintain. TD Bank wants to let consumers know that we are committed to providing mortgage loans to purchase or refinance their homes.  TD Bank offers a simplified product set including FHA and jumbo loans at competitive interest rates with a WOW! customer service experience.

From March 7 through April 30, 2010, consumers who reside in TD Bank's footprint from Maine to Florida who apply for a mortgage will be entered into a drawing to help them pay off their home. Existing TD Bank mortgage customers are automatically entered in the drawing. Additionally, TD Bank will award six weekly winners $2,500 to help with their monthly mortgage payment.  The grand prize winner will be announced at a media event in May 2010.

"As an Aaa-rated bank that is safe and sound, TD Bank does not sell our conforming or jumbo mortgage loans, creating an opportunity to strengthen our relationship with our customers," said Michael Copley, Retail Lending Senior Vice President, TD Bank.  "Additionally, we continue to originate high quality performing loans. We are very excited to pay someone's mortgage off and help our customer obtain the American dream despite the tough economy."

Why buy a home? Homeownership can afford consumers many benefits such as:

• growing wealth and credit.  Regular mortgage payments over time give consumers equity in their homes and builds positive credit history. In the future, consumers can use that equity and good credit to fund other goals.
• reducing tax burden. The interest paid on a mortgage is tax-deductible, which could possibly lead to tax savings. Currently, consumers can take advantage of the homebuyer tax credits up to $8,000.

About TD Bank, America's Most Convenient Bank^®

TD Bank, America's Most Convenient Bank, is one of the 15 largest commercial banks in the United States with $142 billion in assets, and provides customers with a full range of financial products and services at more than 1,000 convenient locations from Maine to Florida. TD Bank, N.A., is headquartered in Cherry Hill, N.J., and Portland, Maine. TD Bank is a trade name of TD Bank, N.A. For more information, visit www.tdbank.com.  

TD Bank, America's Most Convenient Bank, is a member of TD Bank Financial Group of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody's.

SOURCE TD Bank

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