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Mortgages Made Simple.
Find Your Rate. Own Your Home.

  • Home
  • Borrow
  • Mortgage
4.49%
Fixed rates starting from
120 Days
Rate hold — no application needed
25%
Annual lump sum prepayment allowed
Dedicated
Mortgage Specialist assigned to you
Overview

We keep mortgages
simple & transparent.

We’re all about keeping things simple — including mortgages. From the paperwork to the numbers, a dedicated Mortgage Specialist walks you through it all. Whatever your goals are, we’re here to help you get the keys to your home with a rate and payment schedule that works for your life.

  • Dedicated Mortgage Specialist Once you’ve applied, a dedicated specialist is assigned to guide you every step of the way — from application to closing.
  • 120-Day Rate Guarantee Lock in your preferred rate for 120 days from the time you apply or submit a rate hold — while you shop, negotiate, and close.
  • Portable Mortgage Moving? Take your mortgage with you. Transfer your existing rate, term, and loan amount to your new property — no penalty.
  • Flexible Prepayment Options Pay down your mortgage faster. Make annual lump sum prepayments up to 25% and increase regular payments by up to 25%.
Apply for a Mortgage How it works
Current Fixed Mortgage Rate
4.49% /year fixed
Our competitive fixed mortgage rate is guaranteed for 120 days from the time you apply or submit a rate hold. Variable rates also available — ask your Mortgage Specialist for current variable pricing.
  • 5-year fixed & variable rates available
  • 25-year maximum amortization period
  • Lump sum prepayment up to 25% per year
  • Increase regular payments by up to 25%
  • Portable — take your rate when you move
  • Optional Mortgage Account Life Insurance
Already a Client? You may be eligible for a preferred Mortgage rate. Log in to see your competitive options.
Mortgage Options

Choose the Mortgage That Fits Your Life

Whether you’re buying your first home, building wealth through real estate, or renewing an existing mortgage — we have a competitive option for you.

Most Popular
Fixed Rate Mortgage
4.49%
5-year fixed · 120-day rate guarantee

Predictability and peace of mind. Your rate and payment never change for the full term — no surprises, no market anxiety. Ideal for first-time buyers and anyone who values budget certainty.

  • Rate locked for the full term
  • Protected from rate increases
  • Available in 1, 2, 3, 4, and 5-year terms
  • 25% annual prepayment privilege
  • Portable to your next home
Apply for Fixed Rate ›
Variable Rate Mortgage
Prime − discount
Fluctuates with Bank of Canada rate · Often lower initially

Variable rate mortgages often start lower than fixed rates and can save you money if rates stay steady or decline. Your payment adjusts with the prime rate — ideal for borrowers comfortable with some rate movement.

  • Rate moves with Bank of Canada prime
  • Historically lower than fixed over full term
  • Option to lock in to fixed rate any time
  • 25% annual prepayment privilege
  • Portable to your next home
Apply for Variable Rate ›
Renewal & Switch
Switch & Save
Transfer your existing mortgage · No penalty in most cases

Don’t automatically renew at your current lender’s posted rate. Switch your existing mortgage to Tangerine at renewal and take advantage of our competitive rates — in most cases at zero switching cost.

  • Switch at renewal — no penalty in most cases
  • Competitive rates vs. renewal offers
  • Mortgage Specialist handles the transfer
  • Keep your amortization schedule
  • Immediate prepayment privileges apply
Switch Your Mortgage ›
Features

Mortgage Benefits You’ll Actually Use

Every Tangerine mortgage comes with flexibility, transparency, and competitive rates — because your home is the biggest investment you’ll ever make.

Dedicated Mortgage Specialist

Once you’ve applied, a dedicated Mortgage Specialist is assigned to your file. They walk you through every form, number, and decision — from first application to closing day.

120-Day Rate Hold

Secure your preferred rate for 120 days while you shop and negotiate. New clients just need to sign up and set a password — no full mortgage application required to hold your rate.

Mortgage Portability

Moving to a new home? Port your existing mortgage and take your current rate, term, and loan amount with you. No penalty, no break fees — just a seamless transition.

Lump Sum Prepayments

Each year, make lump sum prepayments up to 25% of your original mortgage amount, penalty-free. Pay down faster, reduce your amortization, and save thousands in interest.

Flexible Payment Increases

Increase your regular mortgage payment by up to 25% of your original payment amount — on any payment date. A simple way to chip away at your balance faster without a lump sum.

Mortgage Account Life Insurance

Optional Mortgage Account Life Insurance is available to protect your family and your home. Review the Mortgage Distribution Guide and apply directly through your online account.

Why Choose Tangerine

More flexibility. Less paperwork.

Tangerine mortgages are designed to give you maximum flexibility over the life of your loan — so you can pay it off faster, move freely, and protect what matters most. Here’s what sets our mortgage product apart:

Prepay on Any Payment Date

Lump sum prepayments can be made on any scheduled payment date — no restrictions on timing within the calendar year.

Rate Hold — No Full Application

New clients can secure a rate for 120 days just by creating an account. No credit check required for the rate hold.

100% Online Application

The entire mortgage application process is online. Upload documents digitally, e-sign, and communicate with your Specialist from anywhere.

Optional Life Insurance

Protect your family with Mortgage Account Life Insurance. Apply directly through your Tangerine mortgage account at any time.

Tangerine Mortgage — Key Numbers
Fixed Rates from 4.49% Competitive rate guaranteed for 120 days from application or rate hold submission
120-Day Rate Hold New clients: sign up + set password — no full application required to hold your rate
25% Annual Lump Sum Prepayment Pay up to 25% of your original mortgage amount as a penalty-free lump sum each year
25% Payment Increase Privilege Increase your regular mortgage payment by up to 25% on any payment date, penalty-free
  Apply for Your Mortgage
How It Works

Your Mortgage in 4 Simple Steps

From rate hold to closing day — the Tangerine mortgage process is streamlined, fully online, and guided by your dedicated Mortgage Specialist.

01

Secure Your Rate

New clients: create an account and set a password to hold your rate for 120 days — no full application required. Existing clients can proceed directly to rate hold.

02

Apply Online

Complete the full mortgage application online. Upload your income documents, ID, and property details digitally. A Mortgage Specialist is assigned to your file immediately.

03

Review & Approval

Your Specialist reviews your application, orders the appraisal if required, and works with the lender to finalize your mortgage terms. You’ll receive your commitment letter digitally.

04

Close & Move In

Your lawyer receives the mortgage instructions and processes the closing. Your Specialist stays with you through this final step — keys in hand, mortgage funded.

Your home purchase doesn’t have to be stressful. With a dedicated specialist and a guaranteed rate in your pocket, you’re in the strongest possible position to make an offer.

Start Your Mortgage Application
Required Documents

What You’ll Need to Apply

The entire mortgage application is paperless. Have these documents ready before you start and your Specialist will guide you through every step.

Government-Issued Photo ID Driver’s licence, passport, or provincial ID — for all borrowers on the application
Proof of Income 2 most recent pay stubs, T4s, or NOAs for self-employed applicants (2 years)
Proof of Down Payment 90 days of bank statements showing the source and accumulation of down payment funds
Property Details MLS listing, accepted offer to purchase, or property tax statement for renewals
Letter of Employment On company letterhead, confirming position, salary, and length of service (salaried employees)
Gift Letter (if applicable) Signed gift letter if any portion of the down payment is a non-repayable gift from a family member
All applicants must be Canadian residents. Additional documentation may be required depending on your employment type, property type, or down payment source. Your Mortgage Specialist will confirm the complete checklist for your specific application.

Eligibility Criteria

  • Canadian Residency All borrowers must be Canadian residents. Permanent residents and eligible work permit holders may qualify — ask your Mortgage Specialist about your situation.
  • Minimum Down Payment 5% of the purchase price for homes under $500,000. 10% on the portion between $500,000–$999,999. 20% minimum for homes at $1M+. CMHC insurance applies under 20%.
  • Stress Test Qualification Applicants must qualify at the higher of 5.25% or your contract rate plus 2% under the federal mortgage stress test — regardless of your down payment amount.
  • Credit History A minimum credit score is required. A strong credit history and low debt-to-income ratio improve your eligibility and the rate you’re offered. Your Specialist reviews your full credit profile.

Your new home is closer than you think.
Secure your rate — it only takes minutes.

Fixed from 4.49% · 120-day rate hold · Dedicated Specialist · 100% online process

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