Tangerine Mortgage Calculator
How to Estimate Payments
Your Tangerine mortgage payments are calculated by first determining your total mortgage amount. The calculator will also take the mortgage rate and the amortization period into account to estimate your mortgage payments.
About Tangerine’s Mortgage Rates
It’s important to know that Tangerine’s mortgages are collateral charge mortgages. The main difference between a collateral and a conventional charge mortgage is that a collateral charge mortgage is registered for 100% of the property value while a conventional charge mortgage is registered for the loan amount. Since a conventional charge mortgage is registered for the loan amount, if you’re interested in additional borrowing in the future, refinancing will be required.
How to get lower payments
You can lower your mortgage payments by increasing your down payment, extending your amortization period and having a lower mortgage rate. Comparing mortgage rates is the best way to secure the lowest rate. Consider using a mortgage broker to help you find the best mortgage rate with the features you want.