Review the factors that can make a Tangerine renewal offer deserve a closer look without assuming another rate is available.
Already received a renewal offer from your lender?
Check the rate against current Canadian mortgage benchmarks before you sign. FairRate is paid by you, not by lenders, and does not sell your information to brokers.
Most borrowers compare only after they have already signed. Free check first; paid report options after the check: Rate Fairness Report CA$24 · Full Renewal Decision Report CA$49. No broker calls. No data sold.
FairRate Canada's benchmark-backed free checker and paid benchmark reports currently support Canadian 5-year fixed renewal offers only. Variable-rate and other-term offers should not be forced against that reference.
This page is educational. It does not claim a lender-specific benchmark, typical Tangerine renewal rate, guaranteed alternative rate, approval outcome, savings amount, or negotiation result.
A Tangerine offer may deserve a closer look when the payment changes materially, the lender cannot explain important pricing or product terms, the deadline is close, or you have not compared like-for-like alternatives. None of those signs proves the offer is unfair.
Review the exact term, fixed or variable structure, amortization, penalty wording, prepayment privileges, portability, fees, promotional conditions, and other restrictions. A lower headline rate can still come with different costs or conditions.
An advertised rate or another borrower’s quote is not proof that you qualify for the same pricing. Eligibility, mortgage characteristics, timing, documentation, and lender policy can differ.
FairRate is not a lender, mortgage broker, mortgage agent, brokerage, law firm, underwriter, or financial advisor. It does not arrange mortgages, make lending decisions, or guarantee another rate, approval, savings, or a particular accept, negotiate, or switch outcome.
Review the exact rate, term, fixed or variable structure, scheduled payment, remaining amortization, penalties, prepayment privileges, portability, fees, conditions, and deadline. FairRate's benchmark-backed comparison currently supports Canadian 5-year fixed renewal offers only.
You can ask the lender to explain the offer and whether another renewal option is available. Request material terms in writing before deciding. FairRate does not promise that a lender will improve an offer.
No. FairRate does not underwrite mortgages, know every private or discretionary lender offer, or guarantee that a displayed or advertised rate is available to you.