HELOC @ Prime -0.1% (i.e. 3.85%)

Hi, Looking to switch mortgage to Tangerine from RBC (due to high penalty). Does anyone know how many DAYS / WEEKS does it take to complete a switch mortgage to Tangerine. I have a conventional mortgage.

I also would like to setup HELOC. I am 3 weeks away from renewal date after that its 50$ day interest on open mortgage.

Also if any idea if they negotiate on rates (1.74 5years fixed and HELOC prime - 0.10 @ 2.35%) or help with switch/discharge/legal fees ?

FlyOverMyDoodle wrote: ↑ Reviving old thread... if house is paid off and no mortgage, will Tangerine approve a HELOC? How much are their fees?

Did you ever get an answer to this?

I'd like to have a HELOC to use if needed (notably to invest in case of stock market crash), but don't feel like paying thousands in fees for something I may not need.