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How are existing Home Equity Line of Credit customers impacted by this change?

Existing Home Equity Lines of Credit (HELOCs) will be grandfathered – this means that customers with a HELOC will see no change to their current account features or functionality. The Fixed Rate Advantage Option within the HELOC will now be called the Term Portion. Term Portions will collapse into the Revolving Portion of the HELOC if there is no renewal by the maturity date. 
• If the customer requests refinancing on their grandfathered HELOCs, there can be two outcomes: 
1. The existing HELOC will be amended to increase the Credit Limit if the new Credit Limit does not exceed 65% loan to value (LTV) of the property value. 
2. A TD Home Equity FlexLine must be opened if the new amount requested exceeds 65% LTV. 

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