Open Fixed Rate Mortgage

The Open Fixed-Rate Mortgage gives you the option of repaying your mortgage at any time without penalty while providing the security of knowing that you have a set rate for the entire term.

Click here to see our Mortgage Rates

We recommend the Open Fixed-Rate Mortgage if:

• You want the option of making lump sum payments or paying off your mortgage entirely.
• You think you'll be selling your property in the near future.
• You want the security of locking in to a set rate and payment for the entire term.

Three Big Advantages:

Save Money

• Fixed rates protect you against a possible prime rate increase.
• You can repay any portion of your mortgage without having to pay penalties.
• Your mortgage can be moved to a different property without penalty.

Flexibility

• You can increase your regular mortgage payments by any amount and pay off lump sums at any time.
• This plan is available in a 6 month or one year term to help you become mortgage-free faster.

Peace of Mind

• You get a guaranteed rate with the same flexibility of an open mortgage.

Things You Need to Know

• Our fixed interest rate quotes are guaranteed for 90 days from date of application or pre-approval for resale homes and 120 days for new construction.
• We can provide Mortgage Life Insurance to protect the outstanding balance of your mortgage. We also offer Disability, Loss of employment and Critical Illness insurance packages.

 

Ask the Experts

Call us today at 1.866.592.2226 to set up a mortgage appointment, or better yet, stop worrying, head for your branch and get a Meridian mortgage expert working for you!