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Tangerine

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

[OP]
Deal Addict
User avatar
Aug 13, 2020
1001 posts
4555 upvotes
Vancouver Island
I just settled with Tangerine with

1.74 % 5Y Fixed. Mortgage move, uninsured with $500 "Cash back" to help with the fees.

With 25 % optional payment increases (every year)
And 25 % of the original mortgage extra payment privilege (every year)
(The 2 x 25% are very rare options for Big Banks.)
Jr. Member
Jul 20, 2014
148 posts
92 upvotes
Mississauga, ON
IslandDeal wrote: I just settled with Tangerine with

1.74 % 5Y Fixed. Mortgage move, uninsured with $500 "Cash back" to help with the fees.

With 25 % optional payment increases (every year)
And 25 % of the original mortgage extra payment privilege (every year)
(The 2 x 25% are very rare options for Big Banks.)
Good deal. I wouldn't say "very rare". I'm with TD and have 100% optional payment increase and 15% prepay per year.
Deal Fanatic
Dec 11, 2003
8377 posts
900 upvotes
Just want to add that Tangerine does allow "double payment". You can just make a small "lump sum" payment at every payment date. As long as those combined payment are less than 25% of your original loam amount per year you are fine. So you can do 26x$100 extra payment if you want.

However I am having a bad experience with them. They are slow, make shit up and treat you like a criminal.
Last edited by elty on Oct 20th, 2020 1:27 pm, edited 1 time in total.
October 2015 for sale, PM for details!
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Newbie
Oct 13, 2020
74 posts
43 upvotes
1.74% is a great rate from a larger lender for 5 year fixed.

I work as a Mortgage Specialist/Advisor for one of the big banks and we could offer 1.74% plus up to $3,000 cash back, depending on mortgage size. ( 5 years fixed)

Appraisal would be waved as well.

If anyone has an questions, they can PM. I can do business anywhere in Canada.

Cheers
Newbie
Jan 27, 2013
54 posts
28 upvotes
Montreal
aaleemm wrote: Looking for a CIBC rep for best rates for a straightforward renewal .Current lender is also CIBC .

Any leads ?
CIBC offered me 1.84% 5yrs fixed, 30yrs. Apparently thats their best rate
Jr. Member
Jul 21, 2017
148 posts
30 upvotes
darwm13 wrote: CIBC offered me 1.84% 5yrs fixed, 30yrs. Apparently thats their best rate
Rates are falling every week .
I managed to get 1.7% 5yrs fixed, 30yrs from CIBC , but apparently you can now get 1.68% from them as of this week .
Jr. Member
Mar 6, 2018
116 posts
139 upvotes
Ontario
You can actually get 1.65% now for 5 year fixed with 25 amortization, owner occupied through BMO on mortgages greater than $600k. Just confirmed with my BMO contact today.
REALTOR®
Newbie
Jan 2, 2019
1 posts
Dealgains wrote: You can actually get 1.65% now for 5 year fixed with 25 amortization, owner occupied through BMO on mortgages greater than $600k. Just confirmed with my BMO contact today.
Hello, may I have your BMO contact please. Thank you
Newbie
Nov 16, 2011
42 posts
60 upvotes
I got 1.64% at TD 5 years closed.

Shop around and ask your mortgage specialist to go back and try for better rate.
Newbie
May 8, 2020
5 posts
1 upvote
Currently, It's possible to get rates close to 1.55% variable and 1.6% fixed if you have a good credit score, good income and can put 20% + down payment on a home valued $600K+
Deal Addict
Feb 14, 2016
1832 posts
1222 upvotes
EitanS48200 wrote: Currently, It's possible to get rates close to 1.55% variable and 1.6% fixed if you have a good credit score, good income and can put 20% + down payment on a home valued $600K+
what's considered a good income? by bank? 6 digit?
Jr. Member
Dec 3, 2016
129 posts
94 upvotes
Which bank is offering this?
EitanS48200 wrote: Currently, It's possible to get rates close to 1.55% variable and 1.6% fixed if you have a good credit score, good income and can put 20% + down payment on a home valued $600K+
Deal Addict
Feb 14, 2016
1832 posts
1222 upvotes
wow rate is crazy.. I got my mortgage 4 years ago for 2.39% thought it was super good deal..
Newbie
Jun 16, 2008
75 posts
10 upvotes
Vancouver
You can get 1.63% on a 5 year variable with CIBC. As long as you take the money within 60 days. Let me know if you need any info. I just started with them a a mrtg advisor.
Deal Addict
User avatar
Aug 9, 2007
1349 posts
747 upvotes
Time to get my butt in gear. I'll have to call up TD and see what rate they are offering to lock in an existing variable mort. I assume they won't offer the best deals for this, especially considering I have less than 1/3 of the house left to pay off. I have 7 months left and I think you can typically lock in 2-3 months early, so I could always wait as well.
Newbie
Jan 12, 2013
16 posts
1 upvote
MISSISSAUGA
michaeldesbiens wrote: I got 1.64% at TD 5 years closed.

Shop around and ask your mortgage specialist to go back and try for better rate.
Hi. Can you please provide your brokers contact info. Really appreciate it. Thanks
Deal Fanatic
User avatar
Dec 11, 2005
8945 posts
1503 upvotes
TO
Curious to know if anyone here was able to a lower rate for a refinance mortgage / breaking current term lets say from 2.4% to 1.65-1.84% ? I'm with CIBC and I inquired casually last week from them and apparently if I add more equity they may waive my 3 month penalty fee (current mortgage is 450K )
"You can't soar with the eagles if you're hanging with the turkeys - Gary Kent
Jr. Member
User avatar
Aug 22, 2011
139 posts
11 upvotes
Toronto
TorontoEh wrote: Curious to know if anyone here was able to a lower rate for a refinance mortgage / breaking current term lets say from 2.4% to 1.65-1.84% ? I'm with CIBC and I inquired casually last week from them and apparently if I add more equity they may waive my 3 month penalty fee (current mortgage is 450K )
we are kind of similar.though I have about one and half year left on my previous 5 years and 400k mortgage. Im shopping for a house rn and he cibc specialist only offers me 1.84 posted rate.

cureently pays 2.3% and not sure if switching to a different back and getting a cheaper rate would worth the penalty of breaking contract. (7k penalty)
Jr. Member
Dec 3, 2017
180 posts
130 upvotes
TorontoEh wrote: Curious to know if anyone here was able to a lower rate for a refinance mortgage / breaking current term lets say from 2.4% to 1.65-1.84% ? I'm with CIBC and I inquired casually last week from them and apparently if I add more equity they may waive my 3 month penalty fee (current mortgage is 450K )
For a refinance with CIBC they offering 1.84. However I was able to get 1.76

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