What are the ways Tangerine can help me avoid paying a prepayment charge and help me become mortgage-free faster?

To help you avoid prepayment charges, Tangerine has a few options you can take advantage of.

First, if you increase your payment frequency to accelerated weekly or accelerated bi-weekly, you can make an extra month’s worth of payments within in a year without the strain on your wallet.

You can also take advantage of our 25/25 prepayment options:

Increase your payments by up to 25% of your original payment amount every year.

No anniversary dates: make lump sum payments totaling up to 25% of your original mortgage amount on any payment date.