[Tangerine] Tangerine - 5 YR variable, closed - 1.35% - Targeted
Apply between March 4, 2021 and April 16, 2021, and if you’re approved, you can take advantage of this special rate.
*Offer valid from March 4, 2021 to April 16, 2021. This offer of 1.35% is a special discounted interest rate and is not the Tangerine Bank posted interest rate. This Offer is available only on a new Tangerine 5 year variable rate closed Mortgage with a principal amount of at least $50,000 CAD and the amortization is 25 years or less. This Offer applies to both new Mortgage applications for a home purchase, or the transfer of an existing mortgage with another lender or financial institution to Tangerine Bank. Prepayment charges with the existing lender may apply if the mortgage has not reached its maturity date. Applications for a Home Equity Line of Credit, refinancing of existing Tangerine Mortgages, applications for increases to existing Tangerine Mortgage amounts, renewals of existing Tangerine Mortgages and/or transfers of existing Tangerine Mortgages to new properties are excluded from this Offer. The interest rate for a variable rate Mortgage is calculated half-yearly, not in advance. The Annual Percentage Rate (“APR”) is 1.37%, based on a 5 year variable rate closed Mortgage of $250,000 with a 25-year amortization and an appraisal fee of $250, which will be required to complete your lending application (actual appraisal fee may vary). Variable interest rates will change as Tangerine’s prime rate changes. To qualify for the Offer, the Mortgage application must be submitted to Tangerine Bank by April 16, 2021 and the Mortgage must be funded within 120 days of application submission. This Offer may be changed, withdrawn, suspended or extended at any time, without notice to you and may not be combined with any other discounts, offers, or promotions. As part of the Mortgage application process, applicants must submit to a credit check and be approved for the Mortgage per Tangerine’s underwriting guidelines, credit-granting criteria and residential Mortgage standards. This includes, if applicable, approval by a Mortgage default insurer. All Tangerine Mortgages must be in first position. Other conditions may apply.
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