General Terms:

  1. The Tangerine Mortgage Transfer Fee Offer (the “Offer”) applies only to the following applications: (i) to transfer an existing mortgage held with another lender or financial institution to Tangerine Bank (the “Mortgage”) and/or (ii) for a new Tangerine Home Equity Line of Credit (the “Loan”).

  2. Applications for changes to an existing Tangerine Home Equity Line of Credit, refinancing of existing Tangerine Mortgages, applications for increases to existing Tangerine Mortgage amounts, and/or transfers of existing Tangerine Mortgages to new properties are excluded from this Offer.

  3. Prepayment charges with the existing lender may apply if the Mortgage has not reached its maturity date and are the responsibility of Tangerine Clients.

  4. To qualify for the Offer, the Loan and/or Mortgage application(s) must be submitted to Tangerine between September 13, 2022 and October 31, 2022 (the “Offer Period”), and the Loan and/or Mortgage must fund within 120 days of application submission.

  5. Applicants must submit to a credit check as part of the application process, and applicants must be approved for the Loan and/or Mortgage per Tangerine’s underwriting guidelines and credit granting criteria, which includes an appraisal of the property. To qualify for the Loan and/or Mortgage, all standard requirements and Account Terms associated with the Loan and/or Mortgage must be met in addition to all Terms and Conditions stated here.

  6. The Tangerine Home Equity Line of Credit is a revolving credit Account and is repaid through automatic monthly minimum payments. Additional payments can be made and the entire Loan can be paid off at any time without penalty.

Offer Terms:

  1. The Mortgage amount must be at least $150,000 and the Mortgage must be set up as a closed fixed rate Mortgage with a term of 3 years or longer, or a closed variable rate Mortgage with a 5 year term.

  2. Tangerine will pay a maximum of $1,300 to cover legal and appraisal costs for services ordered directly or approved by Tangerine in connection with the Loan and/or Mortgage approval/transfer process and discharge fees (other than any prepayment charges) charged by the other lender or financial institution. Payment will be made directly by the Bank to service providers and/or financial institutions and lenders as applicable.

Limitations:

  1. Limit of one Offer per Tangerine Mortgage. This Offer is non-transferable, non-saleable, and can’t be combined with any other discounts, offers, or promotions. Where an eligible Client qualifies for more than one Home Equity Line of Credit or Mortgage offer from the Bank, this Offer will cancel any other existing offers.

  2. The Bank reserves the right at its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from the Bank, except where otherwise stated.

  3. The Bank reserves the right at its sole discretion, without advance notice, to extend, suspend, or terminate, or otherwise modify the Offer, in whole or in part or for select Clients, for any reason or if the Offer can’t run as planned including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the reasonable control of the Bank which corrupt or affect the administration, security or proper conduct of this Offer.

  4. The Bank reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer for any Client it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer or who otherwise is deemed ineligible.

  5. By accepting this Offer, the Client agrees that he/she has read and understood these Terms and Conditions and agrees to be bound by them. Any notice offered by the Bank with respect to this Offer is deemed to be provided on the day it’s posted on the Bank’s website.