Is this available on a 30 year amortization
Tangerine mortgage 5y fixed @ 1.99%
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- steviee32m
- Jr. Member
- Dec 3, 2016
- 130 posts
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- ReGenesis
- Jr. Member
- Dec 1, 2012
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- WillyBaldy
- Deal Addict
- Aug 5, 2015
- 4214 posts
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- Montreal, QC
- blues45
- Deal Addict
- Feb 28, 2005
- 2660 posts
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- GTA
damn, just signed with TD 2.09% 5 year fixed, and I thought I was getting a solid deal.
Damage due to RFD Since April 2013: $8758.00
- Vasyllaw
- Sr. Member
- Jan 14, 2017
- 753 posts
- 686 upvotes
The application gives only 25 years. My understanding this is for new/refinancing, insured/uninsured and HELOC offer is for $2.35%.steviee32m wrote: ↑ Is this available on a 30 year amortization
- paaji
- Deal Addict
- Jan 25, 2005
- 3222 posts
- 1908 upvotes
- Surrey
Interesting, will check
- 5dark
- Deal Addict
- Feb 9, 2008
- 3322 posts
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True North Mortgage's 5year fixed is at 1.89% https://www.truenorthmortgage.ca/
Neither limited nor high ratio.
Not sure if it was our specific broker or not but we had a great experience so far (Duca was less than ideal but they resolved our issues after escalating, FCT we were not impressed with).
Neither limited nor high ratio.
Not sure if it was our specific broker or not but we had a great experience so far (Duca was less than ideal but they resolved our issues after escalating, FCT we were not impressed with).
- Dynatos
- Deal Addict
- Oct 24, 2010
- 2985 posts
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- Ottawa
- R35gtr
- Sr. Member
- Apr 23, 2016
- 717 posts
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- Kelowna
Argh.. I also closed a 5 year fixed at 2.6 in January for my 170k mortgage. I broke my previous 10 year at 3.9 to get into that... my timing is always terrible with stuff like this.Dynatos wrote: ↑ Here's Tangerine's break penalty calculator: https://www.tangerine.ca/en/calculators ... yment.html
Punch in your information there at 2.94% to see what the penalty is.
Then use a calculator like this to compare. Enter your current details and remaining term, your new details and remaining term, the penalty calculated from above, and see what it spits out for your interest savings.
A drop of 1% is huge. Depending on what's left in your term, it might pay off.
But you'll also have to find out if this applies to refinances. Deals like those usually apply to high ratio new purchases only.
Sadly, we closed our conventional (uninsured) $520k mortgage in January, when the lowest 5 year rate available was in the 2.6% range. The refinance rate would have to be really low for us to see a benefit. I knew I'd regret going fixed. C'est la vie.
- jfmartel
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- Mar 11, 2007
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- MusicKing
- Jr. Member
- Jan 14, 2008
- 143 posts
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- Kelowna
I just renewed 5y fixed @ 1.99% with TD
- WillyBaldy
- Deal Addict
- Aug 5, 2015
- 4214 posts
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- Montreal, QC
2.6% is still very low based on historical levels, I've seen worse bad timing decisions than this
Happy Koodo Public Mobile and Videotron Fizz customer :-)
- genericasianguy
- Sr. Member
- Jan 21, 2013
- 712 posts
- 822 upvotes
Very handy to print/show other institutions to price match
- Vasyllaw
- Sr. Member
- Jan 14, 2017
- 753 posts
- 686 upvotes
5dark wrote: ↑ True North Mortgage's 5year fixed is at 1.89% https://www.truenorthmortgage.ca/
Neither limited nor high ratio.
Not sure if it was our specific broker or not but we had a great experience so far (Duca was less than ideal but they resolved our issues after escalating, FCT we were not impressed with).
Just got a reply from True North - This 1.89% rate is for a High ratio purchase means less than 20% down payment or existing mortgage transfer with default Insurance active closing in 40 days or less for owner occupied properties only.
- Daijoubu
- Deal Guru
- Dec 11, 2004
- 11150 posts
- 3859 upvotes
- Montreal, QC
I'm getting 1.75% variable with MCAP through TNM/CanWise with the Value-Flex product for a renewal (low-ratio*)
Is everyone going for fixed these days?
Is everyone going for fixed these days?
Last edited by Daijoubu on Jul 31st, 2020 1:58 pm, edited 2 times in total.
- djdestroyer
- Deal Addict
- Jul 10, 2014
- 3877 posts
- 1975 upvotes
- Ottawa, ON
1.76% 5-year fixed, high ratio - Intellimortgage
1.63% 5-year variable, high ratio - intellimortgage
1.70% 5-year variable, high ratio - CanWise
1.63% 5-year variable, high ratio - intellimortgage
1.70% 5-year variable, high ratio - CanWise
- vg19
- Deal Addict
- Jan 19, 2003
- 1007 posts
- 412 upvotes
If you are certain that you won't break your mortgage during term, the HSBC fixed rates are much better, especially the new branch specials (in North York and Mississauga). These are UNINSURED (not high ratio) rates
-2-year fixed 1.69%
-5-year fixed 1.94% plus cash back ($1,200 for mortgages between $200,000 up to $399,999.99; $2,000 for mortgages between $400,000.00 up to $749,999.99, and $3,000 for mortgages greater than or equal to $750,000.00). The cashback results in a lower effective rate.
I have a contact at the North York branch if anyone is interested. But like I said, be certain you are okay going fixed at HSBC. They are NOT a fair-penalty lender and you will pay a hefty amount if you need to break before your term is up.
-2-year fixed 1.69%
-5-year fixed 1.94% plus cash back ($1,200 for mortgages between $200,000 up to $399,999.99; $2,000 for mortgages between $400,000.00 up to $749,999.99, and $3,000 for mortgages greater than or equal to $750,000.00). The cashback results in a lower effective rate.
I have a contact at the North York branch if anyone is interested. But like I said, be certain you are okay going fixed at HSBC. They are NOT a fair-penalty lender and you will pay a hefty amount if you need to break before your term is up.
- WillyBaldy
- Deal Addict
- Aug 5, 2015
- 4214 posts
- 5060 upvotes
- Montreal, QC
It would take a lower rate than this to make variable worthwhile when you can get a fixed at around 2%, in my opinion.
Happy Koodo Public Mobile and Videotron Fizz customer :-)
- Dynatos
- Deal Addict
- Oct 24, 2010
- 2985 posts
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- Ottawa
- mc_molineux
- Deal Addict
- Dec 26, 2006
- 3283 posts
- 567 upvotes
Is this typical? Can anyone else comment on their timelines with Tangerine, particularly for a recent HELOC?
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