Tangerine approaches mortgage products with a simplistic approach, offering only two forms of closed mortgage rates: fixed or variable. Fixed rates for 1 to 5, 7, and 10 years are available, and the variable rate is applicable only to a 5-year term. Fixed rates are promised for 120 days, and the lower rate is granted if rates drop during the rate guarantee period.
Tangerine is also offering a simple ’25/25′ payment plan, which gives you the flexibility of increasing your payments up to 25% of your original payment each year, and you can make lump sum payments up to 25% of your original mortgage payment throughout the year.
|5 Year Variable||3.25%|
|1 Year Fixed||3.49%|
|2 Year Fixed||2.74%|
|3 Year Fixed||2.79%|
|4 Year Fixed||2.94%|
|5 Year Fixed||2.89%|
|7 Year Fixed||2.99%|
|10 Year Fixed||3.19%|
Tangerine doesn’t have any branch locations, so to get the mortgage process started, you have to fill out a mortgage application or communicate with a Tangerine mortgage specialist over the phone at 1-800-568-2190.
Once you have gone through the application process for pre-approval, you can easily track the status of your mortgage application through the website online.
There are a number of things you must do in order to make your mortgage application process as simple and convenient as possible: