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Let’s provide some clarity around your mortgage options.

Tandia offers a variety of mortgage types and terms to suit your needs, all with competitive rates. If you are a new homebuyer or need a refresher course on the options available, we’ve got you covered.

Fixed-Rate Mortgage

With a fixed-rate mortgage, the interest rate remains the same for the entire length of the loan. With this type of loan, your monthly payments remain consistent, which makes budgeting easy. Predictability can be a great thing!

Variable Mortgage

With a variable mortgage, the interest rate fluctuates periodically based on changes in the market. Depending on conditions, a variable rate can be an attractive option, but always keep in mind that payments could change over time depending on increasing or decreasing market conditions.

Closed Mortgage

With a closed mortgage, a holder would typically encounter penalties if they pay off the mortgage early or refinance or negotiate terms before the term ends. Closed mortgages typically have lower interest rates compared to open mortgages since they offer the lender more predictability around interest income over the agreed-upon term.

Open Mortgage

An open mortgage allows the holder to pay off the entire mortgage balance at any time without penalties. Open mortgages typically have higher interest rates compared to closed mortgages since they don’t offer the lender as much predictability or stability around the interest income throughout the agreed-upon term.

High Ratio Mortgage

A high ratio mortgage is a mortgage loan higher than 80% of the lending value of the property. With this mortgage type, the loan’s value is large in comparison to the property value. This mortgage type typically allows homebuyers to enter the market earlier and without a full 20% down payment, but you’ll need to take out mortgage insurance, and there are other costs and considerations to think about.

Conventional Mortgage

A conventional mortgage is a loan for no more than 80% of the appraised value or purchase price for a property. In order to qualify for this type of mortgage, your downpayment would need to be 20% or more of the purchase price on your home.

Variable Rate Closed Mortgage

With an interest rate that fluctuates with the prime rate, this mortgage type can benefit you when rates are dropping. This type of mortgage comes with several conditions to consider, since your payments will go up if rates rise.

Variable Rate Open Mortgage

With this mortgage type, you get the flexibility of an interest rate that fluctuates with the prime rate, as well as the option of paying down your mortgage at any time.

Managing Your Mortgage –
How to Switch, Renew or Refinance

Your home is an important part of your life and your identity. If your current mortgage term is ending, or you’re just looking to make some changes to your current arrangement, it pays to investigate your options. Let us walk you through those OTHER mortgage decisions you may encounter as a homeowner, such as switching, renewing and refinancing, so you can be confident that your mortgage is always working for you!

New Kid on the Block –
An Intro to First-Time Homebuying

Purchasing your first home is exciting and a life goal for many people. Whether house-shopping alone, with a partner or your whole family, there is a lot to consider beyond just how many bedrooms you need. Take some time to evaluate your current situation and your dreams for the future, and let these helpful tips guide you towards a purchase you’ll be happy about.

Tandia's Mortgage Glossary

Looking to brush up on key mortgage-related terms and phrases? Let us help! Check out our handy Mortgage Glossary so you can navigate the homebuying process with ease.

Tandia Mortgage Special

Get ready to love
your mortgage!

Fall in love with your mortgage when you finance with Tandia! Choose from our 5-year fixed high ratio mortgage at 4.79%* or our 3-year closed fixed rate mortgage at 5.19%* for your perfect mortgage match. Whether shopping for a new home or looking to renew your current mortgage, you’re in great hands with Tandia. With the right connection – you too can love your mortgage.

*O.A.C., additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. Legal and appraisal fees may apply. Interest is calculated half-yearly, not in advance. Rates are product-specific and subject to change without notice. Some restrictions apply. These Annual Percentage Rates may only apply if there is no cost of borrowing other than interest and is based on blended payments of principal and interest. A high ratio mortgage is applicable where a borrower places a down payment of less than 20% of the purchase price of a home.

Couple in a Tandia Branch

Let's get started

There's a lot to consider when it comes to buying a home. We can walk you through every step of the way and help explore what the different options are.  Let us do the leg work and find you the best rates.  Contact us for helpful, friendly, easy to understand advice.

Mortgage Calculator

Balancing financing and expenses is a constant challenge. Use our Mortgage Calculator to figure out what the costs are. It's quick, accurate and easy to use.  Let us do the math.


Start saving for your first home purchase with a First Home Savings Account (FHSA). An FHSA is a great way to save up for your down payment and can allow you to grow your savings faster – tax free! Find out more and start making your homeownership dreams a reality.

Tune in to Season 3 of Tandia Talks Money (Mortgage Edition) and get into the home ownership mindset. This season, we’re diving into mortgage options and the home buying process to get you ready for this exciting stage in your life. With Tandia Talks Money, we aim to empower you to make informed financial decisions, with take-action tips to help you create the life you want. Start listening!


Welcome to an easy-going life with a Tandia Mortgage

Here at Tandia, we’re proud to offer a comfortable mortgage experience and at a pleasantly low rate. We will work with you to ensure that your home financing suits your unique needs, while allowing the flexibility you want for the future.

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