Mortgages

Having a mortgage is a long-term commitment. Meridian’s Mortgage and Loan Calculator shows much you can save by changing your payment frequency or making extra payments, as well has helping you understand how much you can afford for your new home.

 

Variable Rate Mortgages

Life is full of ups and downs, but a Meridian Variable Rate Mortgage will keep you sailing steady. Although the interest rate can fluctuate, your payments are stable month to month. With a Variable Rate Mortgage, you get more flexibility and a low interest rate. And if interest rates begin to climb, we can help you switch to a Fixed Rate Mortgage, depending on which Variable Rate Mortgage you have.

Variable Mortgage Features

• Choose a payment schedule that suits you: weekly, bi-weekly, monthly, bi-monthly and accelerated weekly and  bi-weekly
• 3% cashback program
• Flexibility to switch to any other option without penalty with an Open Variable Rate Mortgage. One of the key features of an Open Variable Rate Mortgage is the ability to make unlimited, additional payments at any time
• Switch to a 3-year fixed term or longer, at any time without penalty with a Closed Variable Rate Mortgage

Meridian’s Skip-a-Payment mortgage feature is for when you need a breather. Maybe you’re going through an exciting stage in your life, like getting married or having a baby. Or maybe life has gotten ahead of you or money is tight. Whatever the reason, we can help ease the strain.  Meridian’s Skip-a-Payment feature is as simple as it sounds – we let you skip one month’s mortgage payment so you can have a little breathing room.