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You work hard enough as it is – making regular, ongoing interest payments and contributing to your principal. And we really think you should be rewarded for your diligence. The Flex-Equity Mortgage Line helps you build up your equity faster and get the most out of your home, by transferring the equity from a fixed mortgage amount to a pre-established home equity line of credit.  So the more principal you pay down, the more equity you’ll gain toward increasing your home equity line of credit.


IS THIS FOR YOU?


If you’re the type of person that’s committed to paying down debt, has a minimum of 20% equity built up in their home and is interested in accessing that equity for future use, then this solution is absolutely right for you.



KEY BENEFITS


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All in one

The Flex-Equity Mortgage Line gives you access to credit when it suits your needs and timeline. Through a one-time application, you’ll be able to leverage the equity that you’ve built up in your home, to use however and as frequently as you’d like to.


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Peace of mind

This mortgage line offers market leading rates that can greatly improve your cash flow and savings.  It also gives you access to credit in times when it makes the most financial sense for you.


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Versatility

Home renos? Tuition? Big ticket purchases? Investments? The Flex-Equity Mortgage Line is a great financial tool that can be used in more ways than one.


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Automatic re-balancing

The Flex-Equity Mortgage Line includes automatic re-balancing of the home equity line of credit portion of your loan (as your repayments automatically update your available credit) and can be used as an alternative to refinancing.


WHAT'S NEXT?

Let's see how you can qualify for a Meridian Flex-Equity Mortgage Line