Flexible, simple and easy
You’ve made the commitment to your home and your family. With Meridian’s flexible mortgages we personalize a mortgage that’s right for you. We make it easy, with no hoops to jump through.
Choose a fixed rate mortgage if you want peace of mind
With a fixed rate mortgage payments stay the same throughout the term because your interest rate is locked in for a fixed period of time. You’ll always know what your payments will be.
Fixed rate mortgage features:
- Quoted rates are guaranteed for 90 days for resale homes, 120 days for new construction
- Choose from terms lengths ranging from 6 months to 10 years
- Flexible payment relief in times of need with our skip a payment feature
- Meridian offers two cashback programs available on minimum 5 year Variable Rate closed mortgages and Fixed Rate closed mortgages with a minimum of 3 years.
- 5% program - First time home buyer without the minimum 5% (property value) downpayment? Meridian will provide a cashback of 5% that will act as the downpayment enabling you to get into your dream home.
- 3% program - this cashback program provides up to 3% (property value) to be used to cover closing costs, buy furniture or to simply act as a savings cushion to protect against unforeseen short term costs.
- Choose your own payment schedule (weekly, biweekly, monthly)
Choose a variable rate mortgage if you want the potential savings of a floating rate
A variable rate mortgage has a floating interest rate that over time allows you to tap into potential savings on your total interest paid. Ideal when interest rates are dropping and if interest rates rise you can switch to a fixed rate mortgage at any time.
With a Meridian variable rate mortgage you get the benefit of a lower floating interest rate helping to pay less interestÂ
Variable rate mortgage features:
- Choose a payment schedule that suits your needs, weekly, bi-weekly, monthly, bi-monthly and accelerated
- Cash back of up to 5% available to help cover your down payment or moving costs
- Flexibility to switch mortgages:
- Open: Flexibility to switch to any other option without penalty
- Closed: Switch to a 3-year fixed term or longer at any time without penalty
- Protect your family from the unexpected with mortgage life and disability insurance
Choose a construction mortgage if you want to build your own home
Whether you choose a fixed or variable rate, a Meridian construction mortgage fits your need. It has the flexibility you need to finance construction and pay contractors bills as you go. It’s easy. You apply only once.
Construction Mortgage features:
- Set your own options for repayment
- Get advances to pay for cost of building
- Protect your family from the unexpected with mortgage life and disability insurance
- Your options for repayment can be set to interest-free during construction or blended to pay down the mortgage principal
Choose a self-employed mortgage if you’re working on commission or self-employed
Do you run your own business? A Meridian self-employed mortgage provides you with maximum flexibility prepayment options.
Self-employed mortgage features
- Manage your cash flow and set your options for repayment
- Refinance your mortgage to fund home improvement, options for terms and financing up to 90%
Call us or come in and talk to us today.
Flexible mortgage solutions 24 hours a day
Can’t get to the branch during regular hours? We offer flexible mortgage solutions 24 hours a day. A Meridian Mobile Mortgage Specialist is available to meet with you anytime, anywhere. We’re so close, we can come right to your doorstep.Â
Mortgage insurance
