Tangerine - 1.84% Posted Mortgage rate - 5Y Fixed, Uninsured for New or Moved mortgages

I'm refinancing. Does this qualify? I'd be moving my mortgage over from Scotiabank.

EarthViews wrote: ↑ I'm refinancing. Does this qualify? I'd be moving my mortgage over from Scotiabank.

Same question. So far, have not been offered less than 2.04 on a refinance for 25 years.

jon747 wrote: ↑ FYI EQ has 5yr fixed lower than 1.64

Link?

I'm still negotiating for Posted less 0.1% but today my "Online Contract" at Tangerine changed to 1.78% (5Y, Fixed, Uninsured) and the last "Cash to help with closing costs" was $1500 (Up from $500 on original application with the 1st representative.)

I haven't heard from RBC in 2 weeks. The last time we spoke they were going to try to beat Tangerine's previous rate of 1.89% (5Y, Fixed, Uninsured)
(And they said they would try to match Tangerine's HELOC of Prime less 0.1% (Sept 23 2020 Prime = 2.45%)

ojastejo wrote: ↑ Tangerine is offering me 1.79 fixed 5 years. TD is offering 1.74 fixed 4 years. Can someone please tell me which one is better? Thank you!

The 5 year fixed is better because you're still in a great rate for the extra year.

when you put in an application with Tangerine for this, do they do a credit check and everything too? Or just a preliminary check?
Not sure if i should fill out this application before I can talk to a broker to see their options

I have a renewal coming up soon.

I haven't had a broker bring up tangerine so maybe they dont work with mortgage brokers? these rates and the HELOC rate is very attractive to me. Collateral mortgage or not. Hmm...

Can anyone tell me in tangerine offers a 30yr amort. ? Also is the 1.79 fixed for insured as well?

For the experts our there: Looking for the lowest rate 30yr am, 5yr fixed, 20% down

Tangerine offered me 1.74% 5 year fixed uninsured, home value >1m. No cash back but they waive the appraisal.

They are fair penalty and HELOC is 0.6% lower than major banks. Seems worth it even without Cash back.

elitekillah wrote: ↑ when you put in an application with Tangerine for this, do they do a credit check and everything too? Or just a preliminary check?
Not sure if i should fill out this application before I can talk to a broker to see their options

I have a renewal coming up soon.

I haven't had a broker bring up tangerine so maybe they dont work with mortgage brokers? these rates and the HELOC rate is very attractive to me. Collateral mortgage or not. Hmm...

Fill up the application, but stop at the page that ask your consent for credit check. Call and they will see you already started an application and will offer you something on the phone.

elty wrote: ↑ Tangerine offered me 1.74% 5 year fixed uninsured, home value >1m. No cash back but they waive the appraisal.

They are fair penalty and HELOC is 0.6% lower than major banks. Seems worth it even without Cash back.

Hey can you post a screen shot of your rate without the personal details so that we can use it to try to get a lender to match.

steviee32m wrote: ↑ Hey can you post a screen shot of your rate without the personal details so that we can use it to try to get a lender to match.

It was over the phone.

Thanks for posting this thread. I emailed my branch manager contact at bmo saying what Tangerine was offering. He offered me 1.67% in lieu of any cash back.

JustinCredible222 wrote: ↑ Thanks for posting this thread. I emailed my branch manager contact at bmo saying what Tangerine was offering. He offered me 1.67% in lieu of any cash back.

Ammortization period ?
Insured or uninsured ?
Renewal or new ?

5 yr closed fixed. uninsured, renewal.
I PM'd you, but its just through the local branch manager.

Looking for a CIBC rep for best rates for a straightforward renewal .Current lender is also CIBC .

Any leads ?

is it possible to get double up payments with tangerine? Weird how scotia offers it but they don't appear to

JustinCredible222 wrote: ↑5 yr closed fixed. uninsured, renewal.
I PM'd you, but its just through the local branch manager.

Hi can you please PM your contact? Thank you.
Also, is your mortgage current with BMO? My mortgage is with RBC currently, would I qualify the offer you got?

Dealgains wrote: ↑ Pmed you my contact

Can you also PM your contact to me? Thank you

aaleemm wrote: ↑
Good analysis . But the million dollar question remains unanswered : If one has to get the mortgage today , keeping in view current rates , spread between fixed and variable being only 0.1% and potential 2nd covid wave already started , what is the best bet - Fixed or variable , keeping break penalties aside ?

Covid or no Covid, you should be thinking of what you can afford then stretching it out to x% if you sign variable

When I signed a 2.59% fixed rate during the height of 2017, I was confident enough that I could afford it living a life where I could still have a vacation, visit RFD, etc.
It's tempting to switch right now tbh but the penalties are too much. I put 20% dp on my home to avoid paying the insurance. It just didnt make any sense to put in anything lower when I had the $ available.

Leave the WHAT IFs to the analysts and follow your bank account. If you think variable is fine atm then go for it but stretch out the rate for your worst case scenario.