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Tangerine

Tangerine Mortgages - 5 Year Fixed Rate at 3.19%

  • Last Updated:
  • Apr 10th, 2019 7:50 am
Jr. Member
Jan 11, 2017
119 posts
143 upvotes
Mississauga

[Tangerine] Tangerine Mortgages - 5 Year Fixed Rate at 3.19%

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Tangerine
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Tangerine is offering their 5 Year Fixed Rate at 3.19%

Type: Collateral Charge
Prepayments up to 25% of your original Mortgage

If you apply for an eligible Mortgage of at least $250,000 by June 30, 2019 and your Mortgage funds within 120 days of your application submission, you could get a Bonus of up to $1,500*
Realtor
Right at Home Realty Inc.
47 replies
Deal Addict
User avatar
Jun 10, 2011
4482 posts
2024 upvotes
or get 3.04% from anyone else..
Deal Expert
Feb 24, 2018
27110 posts
37052 upvotes
I think we can do better.
I aim to be inclusive and considerate of others in my posts. If I fall short of that mark, feel free to let me know in good faith, and where appropriate, I'll edit my posts. Thank you.
Sr. Member
Jun 10, 2017
797 posts
1451 upvotes
Is 5yr fixed locked in still a thing? I'd imagine a shorter term or variable would be better route
Deal Addict
User avatar
Mar 19, 2005
1701 posts
457 upvotes
Montreal
def47 wrote: or get 3.04% from anyone else..
Where can you find 3.04 ?
Deal Guru
User avatar
Nov 27, 2005
12589 posts
2998 upvotes
Richmond Hill
Shouldn't people be looking at variable these days?
Deal Addict
Nov 18, 2015
2676 posts
3182 upvotes
waven101 wrote: variable? it can only go up from here.
na it's not going up anytime soon. maybe next year.
Member
Aug 18, 2016
279 posts
346 upvotes
One major plus of Tangerine mortgages is the calculation of penalties. They don’t have posted rates to base the penalties off of. I have two mortgages one for $264k and other for rental property of $198k and both penalties are under $1000.
Member
Aug 18, 2016
279 posts
346 upvotes
karnige wrote: na it's not going up anytime soon. maybe next year.
Glad you have your crystal ball in full swing. All it takes is two rate hikes next year and your over fixed rate for remainder of term. Very little upside for variable right now.
Member
Aug 18, 2016
279 posts
346 upvotes
GenericMember wrote: Is 5yr fixed locked in still a thing? I'd imagine a shorter term or variable would be better route
Bond yield curve is inverted so you won’t get much savings on short term mortgage rates vs longer term.
Jr. Member
Nov 22, 2017
136 posts
259 upvotes
Susanclark wrote: ....Very little upside for variable right now.
That depends on the product. I have a Manulife One account (variable, HIGHER rate than 5 year closed) and I absolutely love it! I'm knocking down my debt at a very high rate without any penalties whatsoever. I'll pay way less interest long term with this product than I would with any conventional mortgage, even with the higher rate.
Member
Aug 18, 2016
279 posts
346 upvotes
Felix15 wrote: That depends on the product. I have a Manulife One account (variable, HIGHER rate than 5 year closed) and I absolutely love it! I'm knocking down my debt at a very high rate without any penalties whatsoever. I'll pay way less interest long term with this product than I would with any conventional mortgage, even with the higher rate.
Meh! I can do the same thing, I can pay down up to 25% of original mortgage amount per year, plus double payments. The product you are using is a lesser version of one provided by National bank and is only really valuable if used in conjunction with smith manoeuvre, where you constantly invest portion in line of credit side and write off interest. Otherwise this is just a tool for people bad with money.
Deal Addict
User avatar
May 22, 2006
1707 posts
1327 upvotes
Toronto
def47 wrote: or get 3.04% from anyone else..
Where
Member since 2006

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Deal Addict
User avatar
Jun 10, 2011
4482 posts
2024 upvotes
keljai wrote: Where
from any broker.. use your favorite broker.


I prefer TrueNorthMortgage
Deal Addict
User avatar
Feb 26, 2006
4622 posts
3266 upvotes
Ottawa
Susanclark wrote: One major plus of Tangerine mortgages is the calculation of penalties. They don’t have posted rates to base the penalties off of. I have two mortgages one for $264k and other for rental property of $198k and both penalties are under $1000.
Very good tip
Deal Addict
Apr 18, 2004
1364 posts
901 upvotes
mississauga, Ontario
I just got my mortgage renewal from TrueNorth for 5 yrs valaible @ 2.75% and all switch fee covered.
Never again! HTC , Wind Mobile , Air China
Newbie
Sep 10, 2015
50 posts
17 upvotes
Sudbury, ON
Chi-tel wrote: I just got my mortgage renewal from TrueNorth for 5 yrs valaible @ 2.75% and all switch fee covered.
High ratio or +20% down?
Jr. Member
Dec 20, 2016
167 posts
51 upvotes
Chi-tel wrote: I just got my mortgage renewal from TrueNorth for 5 yrs valaible @ 2.75% and all switch fee covered.
TrueNorth is a broker right? So the actual mortgage would be with another lender? Or how does that work?
Also with 2.75 variable, what is the prime? Do each lender have their own prime rate?
Sr. Member
Jul 17, 2007
720 posts
1538 upvotes
Milton,ON
need some help
i have a mortgage now with RMG and i need to renew it in August, can i go to another lender now or do i need to stay with RMG?
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