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 only once – you can access your available credit within your credit limit anytime without having to re-apply¹.
- Pay at your own pace – make monthly interest only payments or pay as much as you want².
- Benefit from access to revolving credit – as your outstanding balance decreases, your available credit increases.
- Reduce your debt with a Term Portion – Pay off all or a portion of your outstanding balance by establishing regular payments through a Term Portion. Choose between a fixed or variable interest rate, and open or closed-to-prepayment term, depending on the rate you have chosen.
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 on the Revolving Portion only.