Tangerine · Canadian lenderTangerine mortgage rates — and how to beat the posted rate.
Tangerine’s broker rate is typically 15-30 bps below the rate you’d see walking into a branch. We compare it against 100+ lenders so you get the best fit, not one bank’s sheet.
What are Tangerine’s mortgage rates?
Tangerine isn’t posting every term on our board. Where it isn’t, the card shows the best in our network.
- Lender type
- Canadian lender
- Headquarters
- Toronto, ON
- Established
- 1997
- Products
- 4+ types
Tangerine rates by term
How does Tangerine’s broker pricing work?
Tangerine has two rate sheets: a posted rate for branch customers and a lower broker rate, usually 15-30 bps lower. Only a licensed brokerage can get the broker rate. On a $600,000 mortgage, 20 bps is about $1,200 a year.
Why Tangerine's broker rate is lower, and what Tangerine does well
Most Canadian lenders, Tangerine included, run two rate sheets: a posted/branch rate quoted to walk-in customers, and a wholesale broker-channel rate offered through licensed mortgage brokers. The broker rate is usually 15-30 bps lower because the broker handles origination, document collection and file packaging — work the lender would otherwise pay branch staff to do.
You can’t access the broker rate by walking into a Tangerine branch — only a licensed brokerage can submit to their broker desk. We do exactly that, then put the same file in front of 100+ other lenders so Tangerine’s offer is benchmarked against the whole market. On a $600,000 mortgage, 20 bps is roughly $1,200 a year in interest — real money over a 5-year term.
- Digital-first borrowers
- Competitive insured pricing
- Scotia backing
- Cafe-style locations
Tangerine mortgage rates — FAQ
What are Tangerine's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access Tangerine's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
What's the difference between Tangerine's posted rate and the broker rate?
The posted (or "special offer") rate is what you see advertised or quoted in a branch. The broker-channel rate is the wholesale pricing Tangerine offers through licensed brokers — usually 15-30 bps lower because the broker does the origination work. You can only access it through a broker; we submit your file directly to Tangerine's broker desk.
Is Tangerine a good mortgage lender?
Scotiabank's online subsidiary (formerly ING Direct Canada). Schedule I bank. Competitive insured mortgage pricing for digitally-comfortable borrowers. Limited branch footprint — almost entirely online + cafe locations.
Can I get a lower rate than Tangerine's rate?
Sometimes. Tangerine is strong for certain files, but another of our 100+ lenders may price your specific situation better. We compare Tangerine against the whole network on one application — you get Tangerine's best and the market's best, then choose.
Can I switch to Tangerine at renewal?
Yes — switching to Tangerine at maturity is usually penalty-free, and a straight transfer (same balance, same amortization) skips the stress test. We handle the paperwork and confirm Tangerine's renewal/switch pricing against the rest of the market so you don't auto-renew at a higher rate.
Does Tangerine offer rate holds?
Yes — like all major Canadian lenders, Tangerine offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to Tangerine for a real underwritten pre-approval.
How do I apply for a Tangerine mortgage?
Through a licensed broker you reach Tangerine's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to Tangerine — and compare it against the rest of the network — with no bureau pull to begin.
Get Tangerine’s best rate — and 100+ others.
One application, no credit pull to begin. We submit to Tangerine and shop the whole network for your file.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions