TD Home Equity FlexLine
A TD Home Equity Flexline gives you access to ongoing credit, up to your available limit, and provides a number of flexible options:
- Apply once. You can access your available credit anytime without having to re-apply.¹
- Pay at your own pace – make payments as low as interest only.²
- As your outstanding balance decreases, your available credit increases to your credit limit.
- Fixed Rate Advantage Option – Lock all or a portion of your outstanding balance into a fixed interest rate for a closed term of one to five years to protect yourself from rate increases on your variable rate portion and establish regular fixed payments (subject to minimum amounts).
Your TD Home Equity FlexLine provides great flexibility in how it can be used, such as:
- Purchasing a home when you have a 20% down payment
- Major household renovations
- Purchasing a second property
- Consolidating higher-interest debt
- Financing the purchase of a vehicle
- Education costs
- Other large purchases
Available only on variable rate portion.