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Using Your Home’s Equity

A world of
opportunity

Your home is probably your single largest financial asset. It can also be a powerful financial tool, when you use your home equity to borrow.

TD Home Equity FlexLine

  • With a TD Home Equity FlexLine, you can access up to 80% of the value of your home.1,2
  • Apply once and access your available credit within your credit limit at any time without having to reapply.3

What’s unique about a TD Home Equity FlexLine is that it can combine the flexibility of a revolving line of credit with the security of a fixed rate option.


Variable Rate Portion Fixed Rate Advantage Option (FRAO)
  • Borrow up to 65% of your home's equity.
  • Variable interest rate that changes with TD Prime Rate.
  • As you pay down your outstanding balance, your available credit increases.
  • Pay at your own pace without prepayment charges – pay as little as interest only, or pay any or all of your outstanding balance on your variable rate portion at any time.
  • The Fixed Rate Advantage Option allows you to create a Fixed Rate Portion with a closed term of one to five years.
  • If you use the FRAO at set up, you can borrow an additional amount greater than your credit limit of your variable rate portion up to 80% of your home's value.
  • At any future time, lock all or a portion of the outstanding balance of your variable rate portion into a FRAO and protect yourself from rate increases and establish regular fixed payments (subject to minimum amounts).
  • On the Fixed Rate Portion you can:
    • Make one or more prepayments up to 15% of your original Fixed Rate Portion amount every year.
    • Increase your payment amount by up to 100% of your original regular payment.
    • Increase your payment frequency: switch to rapid payments and possibly make up to an extra month's payment every year.

Convenience, comfort, flexibility

TD Home Equity FlexLine offers flexible home financing up to 80% of the value of your home. Since the TD Home Equity FlexLine is secured by the equity in your home, you may benefit from a lower interest rate than with unsecured borrowing.

Access funds when you need them, with convenient 24/7 access options:

  • At your local TD Canada Trust branch
  • Transfer funds using EasyWeb online
  • Withdraw from an ATM or pay for purchases at retailers with your TD Access Card4
  • Write a cheque on your TD Home Equity FlexLine (contact us to order your free personalized cheques)