✅ With TD Home Equity FlexLine (HELOC) you can use the net value of your home as collateral for loans
✅ Access up to 80% of the value of your home
✅ As you pay the amount you owe, the amount of credit available to you increases until you reach your credit limit
✅ Access and manage your line of credit online or through the TD mobile app
Why do we recommend TD Home Equity FlexLine (HELOC)?
TD Home Equity FlexLine (HELOC) is the ideal choice for anyone looking for a flexible and affordable credit solution. With the ability to access your home’s equity, you can finance renovations, consolidate debt, or cover unforeseen expenses with ease. Payment flexibility and competitive interest rates make this product especially attractive, allowing you to maintain financial control without compromising your budget.
With it, you use the net value of your home as collateral for loans. Withdraw the necessary amount, as you need it, and the amount of credit available increases as the balance is paid. Use your HELOC for a variety of purposes, including renovations, debt consolidation, and large purchases.
Author’s opinion
TD Home Equity FlexLine (HELOC) offers a practical and flexible way to access the equity value of your home. With benefits ranging from competitive interest rates to flexible payment options, this product is ideal for anyone looking for a reliable financial solution in Canada.
In a simulation example, when applying for a line of credit of $100,000 CAD, you would have a monthly interest payment of approximately $333.33 CAD, considering an interest rate of 4% per year. During the 1-year interest-only period, you would not reduce the principal balance of the line of credit, but you would have the flexibility to access the funds as needed.
This simulation is based on a hypothetical example. Actual terms, including interest rate and specific requirements, may vary.
Find out today how to request TD Home Equity FlexLine (HELOC)
If you are interested in learning more about the TD Home Equity FlexLine (HELOC), click the button below and find out how to request it.