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What is the Term Portion of my Home Equity Line of Credit or TD Home Equity FlexLine?

 

Term Portion of a Home Equity Line of Credit or TD Home Equity FlexLine
 
A Term Portion is the portion of the Home Equity Line of Credit or the TD Home Equity FlexLine that is paid off over a period of time. You can set up a Term Portion for a part of your outstanding balance, or the entire amount borrowed at setup (up to 80% of the value of your home) with an amortization period of up to 30 years! 
 
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.

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