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What is the Term Portion of a TD Home Equity FlexLine?

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.

The Term Portion can have a fixed or variable interest rate, and an open or closed to prepayment term depending on the option you have chosen.

To apply for a TD Home Equity FlexLine, please visit your local TD Canada Trust branch or you can apply with a Mobile Mortgage Specialist (MMS). Locate a Mobile Mortgage Specialist (MMS) in your area through our website or the TD mobile app in the contact us section.

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