TD Home Equity FlexLine Review 2025

Bremo verdict: The TD Home Equity FlexLine is a solid, standard HELOC product from Canada's largest bank. Competitive rate at prime + 0.50%, readvanceable structure, and the ability to split into fixed-rate portions make it a reliable choice. Best suited to existing TD mortgage customers at renewal.

TD Home Equity FlexLine at a Glance
Provider: TD Canada Trust
Product Type: Readvanceable Mortgage + HELOC
HELOC Rate: Prime + 0.50% (~5.45%)
Fixed Portions: Available
Annual Fee: $0 (on most accounts)
Min. Equity Required: 20%

What Is the TD Home Equity FlexLine?

The TD Home Equity FlexLine is TD Bank's readvanceable mortgage product, combining a traditional amortizing mortgage with a revolving HELOC component. As you pay down your mortgage principal, your FlexLine (HELOC) credit limit automatically increases by the same amount.

The product allows you to divide your total facility into multiple portions: one or more fixed-rate term portions (like a regular mortgage), one or more variable-rate portions, and the revolving FlexLine HELOC. This sub-account flexibility is one of its key advantages.

TD FlexLine Rates and Features

Component	Rate/Feature
FlexLine HELOC rate	TD Prime + 0.50%
Fixed-rate portions	Available at current TD mortgage rates
Variable-rate portions	Available at TD Prime ± spread
Annual fee	$0 on standard accounts
Minimum balance requirement	None on FlexLine
Maximum combined LTV	80%
Maximum HELOC portion	65% of home value

Sub-Account Flexibility

TD FlexLine allows you to split your borrowing into multiple "portions," each with its own rate type and term. For example, you could have:

A 5-year fixed mortgage portion at a locked rate
A variable-rate portion for flexible repayment
The revolving FlexLine HELOC for ongoing access

This structure is particularly useful for the Smith Manoeuvre — keeping the investment HELOC draws in a clearly separate sub-account for CRA tracing purposes.

Pros of TD Home Equity FlexLine

Competitive rate at prime + 0.50%
No annual fee on most accounts
Readvanceable — HELOC limit grows as mortgage is paid down
Sub-account flexibility for mixing fixed and variable rate portions
TD's large branch and digital banking network
Can be used for Smith Manoeuvre with proper sub-account setup
Access via TD's well-regarded mobile app

Cons of TD Home Equity FlexLine

Registered as a collateral charge — harder to transfer to a new lender without legal costs
Rate is not negotiable below prime + 0.50% for most borrowers
HELOC can be frozen or limited at TD's discretion (standard for all HELOCs)
Must be an existing TD mortgage client or switch to TD at renewal for best integration

TD FlexLine vs Competitors

Product	Rate	Readvanceable	Annual Fee
TD Home Equity FlexLine	Prime + 0.50%	Yes	$0
RBC Homeline Plan	Prime + 0.50%	Yes	$0
Scotia STEP	Prime + 0.50%	Yes	$0
Manulife One	Prime + 0.90%	Yes	$16.95/mo
National Bank All-in-One	Prime + 0.50%	Yes	$0

Who Is TD FlexLine Best For?

Existing TD mortgage customers at renewal — easiest setup path
Borrowers who want a solid, no-frills readvanceable mortgage from a major bank
Smith Manoeuvre implementers who want sub-account separation for CRA purposes
Anyone who values TD's large branch network for support

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Frequently Asked Questions

Can I transfer my TD FlexLine to another bank?

Not directly — it's registered as a collateral charge. A new lender would need to discharge the existing registration and create a new one, typically costing $1,000–$2,000 in legal fees. Factor this into any switching decision.

What is the maximum TD FlexLine limit?

Up to 65% of your home's appraised value for the HELOC component, with combined mortgage + HELOC not exceeding 80% LTV.

How do I access my TD FlexLine funds?

Via TD EasyWeb online banking, the TD app, by transfer to your chequing account, or by writing FlexLine cheques. The account appears as a separate credit line within your TD profile.