Mortgage
Get a competitive interest rate up front. We’re all about keeping things simple, including Mortgages. So don’t stress over the numbers and calculations – we’ll walk you through it all. Whether you’re buying a new home or refinancing, we’re here to work with you and can get you to Mortgage freedom faster.
Term
Year
Interest rate ()
APR
footnote *
Key Features
Great rate
Get a great rate up front guaranteed for 120 days.
Dedicated support
Once you’ve applied, you get a dedicated Mortgage Account Manager to help you every step of the way.
Flexible prepayment options
Each year you can make lump sum prepayments up to 25% of your original Mortgage amount, and increase your regular Mortgage payments by up to 25% of your original Mortgage payment. You can do this on any payment date.
Portable
If you happen to move, you can take your Mortgage with you penalty-free at your current rate, term and loan amount.
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Let's have a Mortgage talk
Interested speaking to us to learn more? We'll get your contact info and get in touch with you.
Mortgage Amount Estimator
Use this handy calculator to get a sense of the Mortgage amount that could work for you.
Secure your rate
A Mortgage Rate Hold is a great way to secure a rate for 120 days, without first having to complete a full application. Learn More
Apply Now
Once you’ve applied, you get a dedicated Mortgage Account Manager to help you every step of the way.
No need to stress over calculations – we’ll help make the numbers work for you.
Apply Now No need to stress over calculations – we’ll help make the numbers work for you.
Current interest rates
Annual interest calculated semi-annually not in advance.
| Term Duration | Term Type | Term Interest Rate |
|---|---|---|
| 5 Year | Variable Mortgage | |
| 1 Year | Fixed Mortgage | |
| 2 Year | Fixed Mortgage | |
| 3 Year | Fixed Mortgage | |
| 4 Year | Fixed Mortgage | |
| 5 Year | Fixed Mortgage | |
| 7 Year | Fixed Mortgage | |
| 10 Year | Fixed Mortgage |
Tools and Resources
How much can I borrow? Mortgage Payment Calculator Rent Translator Mortgage Prepayment Penalty Calculator Mortgage Prepayment FAQs Read about collateral charge mortgages First-Time Home Buyer Incentive Program Mortgage Life Insurance Fact Sheet & Product Summary (Quebec) Mortgage Account Life Insurance ApplicationSecure your rate
A Mortgage Rate Hold is a great way to secure your rate for 120 days. If you are new to Tangerine, all you have to do to request a Mortgage Rate Hold is sign up as a Client and set up a PIN – there’s no need to complete a full application. If you’re an existing Client, proceed to Secure Your Rate.
If you choose one of our fixed rates, a Mortgage Rate Hold guarantees that you’ll get that rate, as long as you submit the Mortgage application and the Mortgage funds within 120 days from the date you requested the Mortgage Rate Hold.
If you choose the 5 year variable rate, you’re guaranteed the difference, or spread, between Tangerine Prime and the offered rate for the rate guarantee period. Keep in mind, Tangerine Prime can change at any time, but the spread would stay the same during the rate guarantee period.
Secure Your Rate 
Understanding collateral charge mortgages
When a house is used as security for a loan, mortgage security will be registered on the title of the house in the applicable land registry office. This is commonly known as a “charge” or a “mortgage”. This charge gives the lender the legal right to take action against you and the house if the loan is in default. There are two types of charges that can be registered by a lender: conventional (or standard) and collateral. At Tangerine, our Mortgages are registered as a collateral charge.
What are the differences between collateral and conventional charge mortgages?
Conventional charge mortgage
Collateral charge mortgage
Registered amount
The loan amount
100% of the property value
Specific details of mortgage loan
Includes amount, interest rate and payments.
Includes amount, interest rate and payments.
Details are included in the charge that is registered against your house.
Details are not included in the charge registered against your house. A separate credit agreement contains these details.
Future borrowing
Refinancing requires the discharge of the existing charge and the registration of a new charge, requiring a lawyer, and legal costs are incurred. footnote *
Refinancing up to the charge amount may be possible without incurring legal costs. footnote *
Home Equity Line of Credit
Adding the loan requires the registration of another charge, a lawyer, and legal costs are incurred. footnote *
Adding the loan under the current charge may be possible without incurring legal costs. footnote *
Flexibility of transfer
Transferring to another lender may be possible done without incurring legal costs. footnote *
Transferring to another lender involves the discharge of the existing charge and the registration of a new charge, requiring a lawyer, and legal costs are incurred. footnote *
Discharging the charge
Depending on the lender, once the loan is repaid in full, the lender will either discharge the charge on your request or automatically.
If there are other loans secured by the collateral charge after you have repaid your mortgage loan in full, you can only request a discharge when you have repaid all the loans secured by the collateral mortgage.
To learn more about mortgage security, visit the Canadian Bankers Association
footnote *Subject to application approval under current Tangerine credit criteria. For properties located in Quebec, a new hypothec registration (with associated legal, administrative and registration costs) may be required.
First-Time Home Buyer Incentive
The Federal Government introduced their First-Time Home Buyer Incentive to help qualified buyers fund their down payment.
More information about the program is available here.
If you've already put an offer on a house, please get in touch with us today. You can call us at 1-800-568-2190 , Monday to Saturday, 8:00 am to 10:00 pm ET.
Get started with Tangerine
Here are the steps:
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1Apply online.
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2Once you’ve applied, you get a dedicated Mortgage Account Manager to help you every step of the way.
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3No need to stress over calculations – we’ll help make the numbers work for you.
Don’t think this Account is for you? Take a look at our other options.
Home Equity Line of Credit
Learn More
Chequing Account
Learn More
Check out these helpful articles
Legal Stuff Collapse
footnote asterisk As at . The Annual Percentage Rate (A P R) is compounded semi-annually, not in advance. The A P R calculation is based on a Mortgage of $350,000 with a 25 year amortization, an appraisal fee of $250 and a funding processing fee of $280. Actual appraisal fee and funding processing fee may vary. A P R calculation on a variable rate is based on the posted rate but may change as Tangerine Prime changes. Rates are subject to change without notice.
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