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Tangerine Mortgage Rate Review

Tangerine Mortgage Rate Review

Tangerine launched on April 27, 1997 with the name ING DIRECT Canada. In 1998, the bank opened its first café in Vancouver. It was during the same year that Tangerine started internet banking, with the launch of an online banking site. Come 2012, the bank set foot in Montreal, where it opened Montreal café.

It was not until 2014 that ING DIRECT officially became Tangerine. When ING DIRECT was launching the banking industry was full of the same kind of services. Customers had to contend with low interest, banking charges, among other issues. ING DIRECT bank came with alternatives that added benefits to banking services. Today, Canadians are enjoying what ING DIRECT first introduced.

The new name, Tangerine is a reflection of the bank’s contribution to progression in the Canadian banking industry. As an alternative to conventional banking solutions, the bank brings safe, innovative and simplified way of banking. The bank still avoids charging unnecessary fees to its clients and focuses on innovative products.

Tangerine offers a wide range of services that include:

  • Savings Account
  • Business savings accounts
  • Chequing Account
  • Investment funds
  • TFSAs
  • RSPs
  • GIC
  • Tangerine Mortgage
  • Home Equity Line of Credit
  • RSP Loan
  • Online Banking
  • Mobile Banking
  • Telephone Banking

How Can I access Tangerine Mortgage Rates?

Probably it’s important to indicate the hours of operation first. The Tangerine mortgage department operates from Monday to Saturday, between 8.00 am and 10.00 pm ET.

While most traditional lending institutions have many local branches, Tangerine doesn’t have any of such branches which mean the only way to apply for their mortgage in through their website. Tangerine’s business is done only on their website, and you can only access its services and products over the internet or by phone. You can either call one of Tangerine’s mortgage specialist at 1-800-568-2190 or complete a mortgage application online.

If you’re looking for higher interest on deposits, without any service charges or you want to enjoy low interest on loans, Tangerine will offer you a solution. Tangerine is now owned by Scotiabank after they rebranded in 2014.

What information do I need when making an application for my Tangerine Mortgage?

Preparation is always important in everything you do. It’s important to prepare yourself with the right information that’s required for your Tangerine mortgage application. You’ll need a detailed overview on:

  • Personal and Employment Information
  • Assets and liabilities. Assets, in this case, will include your investment values, account balances, vehicle ownership and more while liabilities will include loans, leases, lines of credit, credit cards, child support and more.
  • Property information
  • Income information
  • Details about your mortgage. This includes your down payment, mortgage term, amortization period, your desired amount, and the payment frequency.

Tangerine mortgage products are simple and come as either fixed rate closed term or variable rate closed term. While variable rate is only applicable for 5 years, fixed rate is available for several terms, up to 10 years.

Results Updated: August 9, 2019

Tangerine

2.69%

3 Year Fixed

90 Days

Hold until Feb 20

$1,463.95

Payment

Tangerine

2.84%

4 Year Fixed

90 Days

Hold until Feb 20

$1,488.24

Payment

Tangerine

2.84%

5 Year Fixed

90 Days

Hold until Feb 20

$1,488.24

Payment

Tangerine

2.99%

7 Year Fixed

120 Days

Hold until Mar 21

$1,512.74

Payment

Tangerine

3.19%

10 Year Fixed

120 Days

Hold until Mar 21

$1,545.75

Payment

View All Rates