Home Equity Line of Credit (HELOC)

Your home can be your most powerful financial borrowing tool

The TD Home Equity FlexLine is secured against the equity of your home, giving you access to credit and a low interest rate.left  right   

Secured loans and lines of credit are secured against your assets (home, investments, etc.), to protect the lender against any failure by you to meet your obligations. Because it’s secured you may get a lower rate or a higher credit amount.

Benefits of this product

Convenient access
Access your credit through your TD Access Card1, cheques and EasyWeb Online banking.
Home ownership costs
Finance purchases related to home ownership, including renovations, home repairs and additional properties.
Low interest rate
Borrowing credit against your assets, such as your home, may provide you with a lower interest rate.
Borrowing power
Use your home equity to obtain a credit limit, up to 80% of the value of your home.

What are my interest rate options?

Competitive Variable Rate

Enjoy a competitive variable interest rate based on TD Prime Rate

Term Portion

If you opt for a Term Portion when setting up a TD Home Equity FlexLine, you can borrow up to 80% of your home's value2

Or at any time, put all or a portion of your outstanding balance into a Term Portion and establish regular payments (subject to minimum amounts) at a fixed or variable interest rate with open or closed prepayment , privileges.for the term selected.

Have a personal consultation to discuss your options.
Call 1 877 247 22651 877 247 2265

What you’ll need to bring

  • Current address and previous address (if current address is less than 3 years)
  • Your income (sources and amount)
  • Your monthly mortgage or rent amount
  • Your monthly payments (loans, credit cards, lines of credit)
  • Household costs (utility, property tax, insurance, etc.)
  • Social Insurance Number (optional)

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1 Available when the TD Home Equity FlexLine is programmed on your TD Access Card. Fees may apply for Interac® access and the use of other ATMs.

2 Subject to the value of your property and any prior charges or liens. Up to 65% can be taken as the credit limit for the revolving portion.

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