TD Home Equity FlexLine

What is a TD Home Equity FlexLine?

Simply put, a TD Home Equity FlexLine lets you use the value of your home as collateral to give you a line of credit with a low interest rate. Apply just once, and you may be able to access up to 80% of the value of your home1, 2. It’s always available when you need it, through a variety of convenient options, 24/7 subject to the terms of your agreement.

What is a Revolving Portion?

Borrow up to 65% of the value of your home (less any previous charges) and get a variable interest rate that changes with TD Prime Rate.

As you pay down your outstanding balance, your available credit increases up to your credit limit subject to the terms of your agreement.

You can pay at your own pace without prepayment charges - pay as little as interest only, or pay any or all of your outstanding balance at any time.

What is a Term Portion?

You can put all or a portion of your outstanding balance from the Revolving Portion into a Term Portion (subject to minimum amounts) and establish regular payments at a fixed or variable interest rate for an open or closed prepayment term, depending on the rate you have chosen. If you opt for a Term Portion at set-up, you can borrow up to 80% of your home’s value - compared to the 65% in the Revolving Portion.


1 Lending value will be based on the lesser of the value or purchase price of your home at the time of application.

2 Subject to TD Canada Trust credit criteria and any prior outstanding mortgage, charges or liens.

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