How does the Tangerine variable rate mortgage differ from an open rate mortgage?

We offer a 5 year closed variable rate mortgage, with an interest rate that is based on the Tangerine prime rate. A closed term means that the mortgage cannot be paid beyond the allowed prepayments without penalty. However, you can convert the variable term into a fixed rate term of 3 years or more without charge at any time.

Feel free to call one of our helpful Mortgage Associates at 1-888-826-4374 (Monday to Saturday, between 8:00 am and 10:00 pm ET).