Our guide to Tangerine mortgages

James Rodriguez James Rodriguez updated on 2022-03-31

When it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?

There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"

Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at Tangerine mortgages and their current rates.

About Tangerine

Tangerine was initially launched as ING DIRECT Canada in 1997. Since then, they have been offering a wide range of products to people across Canada, including: mortgages, home equity lines of credit, business accounts and credit cards. With over 2 million clients and close to $40 billion in total assets, it's one of Canada's leading digital banks.

Our review of Tangerine

Tangerine offers great rates, portable mortgages and flexible prepayment options. It is easy to get started on your mortgage search with Tangerine, as they offer calculators, secure rates and an easy application process, allowing you to determine your future mortgage plans stress free.

Tangerine mortgage pros and cons

Here are some of the advantages and disadvantages of Tangerine mortgages:

Why Tangerine might be right for you:

Increasingly competitive rates
Fixed-rate mortgage penalties can be thousands less than the Big 5 banks' interest rate differential (IRD) penalties
Flexible prepayment options

Why Tangerine might not be right for you:

Limited customer service
No Branches, only online

To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!

Compare mortgage rates now

Get the best mortgage rates in just seconds

What types of mortgages does Tangerine offer?

Below is a table showing some details about the different mortgage plans Tangerine offers. Most providers will offer a variety of mortgage options.

Coverage typeMortgage
Cash bonusUp to $5,000
Rate guaranteeFor 120 days
Portable If you happen to move, you can take your Mortgage with you penalty-free at your current rate, term and loan amount.
Plan example
  • 5 year term
  • 1.90% variable interest rate
  • 1.92% APR
Apply online
Online calculator
Tangerine mortgage details

What mortgage rates does Tangerine offer?

There are two main types of mortgage rates in Canada: fixed and variable rates.

Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.

Below are some of the mortgage rates Tangerine offers:

Rate Types

Term Length

Rate

Variable

5 years

1.90%

Fixed

1 years

2.99%

Fixed

2 years

2.74%

Fixed

3 years

2.94%

Fixed

4 years

3.09%

Fixed

5 years

3.15%

Fixed

7 years

3.74%

Fixed

10 years

4.14%

Tangerine 's mortgage rates

Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.

Compare mortgage rates now

Get the best mortgage rates in just seconds

How do I contact Tangerine ?

You can take care of your banking needs online or through the Mobile Banking app.

If you need to speak to someone, call:
1-888-826-4374

Our Tangerine mortgage calculator

Want to calculate what your Tangerine mortgage will look like? We have some tools right here on our website that can help:

Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.

Our mortgage affordability calculator will help you determine how large a mortgage you can get.

Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance