Green Mortgages - Real Deal

TD Bank is offering a green mortgage. Is this of real help or is this another example of "greenwashing" (calling a normal product 'green' but not actually delivering)? In this case, it looks real. A 1% reduction, a rebate, and a donation to a good cause. Congratulations TD. Let's see more of this.

We are committed to helping protect the environment, so we want to support our customers as they make environmentally friendly choices. That's why we're introducing the Green Mortgage and the Green Home Equity Line of Credit (HELOC).

• Save money and help protect the environment with your green home improvement
• Rate discount – you will receive 1% off the posted interest rate on a five-year fixed rate mortgage or on a five-year fixed rate portion of a HELOC
• Cash rebate – we will rebate up to 1% of the amount of the mortgage or the fixed rate portion of the HELOC when you make ENERGY STAR® qualified purchases1.
• And at the time you receive your rebate, TD Canada Trust will donate $100 to the TD Friends of the Environment Foundation
  

Flexibility – this offer is available to new or existing customers. If you have an existing TD Canada Trust mortgage or HELOC fixed rate portion, you can renew or refinance it into this offer3. If you have an existing TD Canada Trust HELOC, you can choose to lock-in all or a portion of the balance into the five-year Fixed Rate Advantage Option