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Mortgages

What if you can get a great mortgage rate?
The Meridian First Home Savings Account (FHSA) is now available

Earn 5.00%* when you open an FHSA High Interest Savings Account

What if you can get a better mortgage?
What if it was easy to pick the right mortgage?
A black pregnant woman laughs and smiles while her husband pushes their child in a moving box. They are unpacking their living room.

Saving for your first home? Open a First Home Savings Account.

The First Home Savings Account (FHSA) is a great way to save for a down payment on your first home. FHSA contributions are tax deductible, and your savings will grow tax-free.

Mortgage perks. More reasons to love your Meridian Mortgage!

Be mortgage free sooner

Pay off up to 20% more of your mortgage each year through a combination of prepaying more of your original principal balance and increasing your original mortgage payment.

Get flexible mortgage payment options

Choose from weekly, bi-weekly, monthly, bi-monthly, or accelerated weekly or bi-weekly payment plans - whatever works for you.

Skip a payment when you need to

Life happens. Breathe easier knowing that you can skip one month’s mortgage payment once every 12 months with no penalty.

 

Get cash back with your mortgage

Get cash back for up to 5%1 of your mortgage principal (to a maximum of $50,000) the day your mortgage is advanced. Perfect for immediate expenses like closing costs or renovations.

Already started a Meridian Mortgage application?

Sign in and pick up where you left off

Mortgage products and options

What if there was a mortgage flexible enough to get you into your dream home sooner? With great rates, flexible payments, tons of options, and personalized advice, we’re making home ownership a reality for more Members.

Note: as of April 8, 2024, the fee to discharge a Meridian mortgage is increasing by $100 from $300 to $400. The discharge fee includes the cost for provincial registration and is applicable when your mortgage secured products are paid in full and the Meridian lien is removed from your property.

Choose a fixed or variable rate mortgage option

Fixed rate mortgage

With a fixed rate mortgage, your rate is locked in for the duration of your term. This protects you because when interest rates go up or down, you know your rate will stay the same.

Explore fixed rate mortgages
Variable rate mortgage

With a variable rate mortgage, your rate changes based on the lender’s prime rate. There’s more risk because interest rates might go up, but you also get to take advantage of lower interest rates.

Explore variable rate mortgages

Choose the mortgage product that works for you

High Ratio Mortgage

If your down payment is less than 20% of the purchase price it’s considered a high ratio mortgage. These mortgages have to be insured against default, so you’ll pay a bit for insurance, but you can still get a great interest rate.

Explore high ratio mortgages
Flex Line Mortgage

A flex line mortgage has two components: a mortgage plus a line of credit. As you pay your mortgage down, the amount of credit available to you increases.

Explore the flex line mortgage
Construction Mortgage

Building your home? A construction mortgage advances you the full amount of the mortgage, in stages, throughout the construction (or major renovations) of your home.

Explore the construction mortgages
Friends and Family Mortgage

The friends and family Mortgage makes it easier for you to afford a home by allowing up to four people to get a mortgage together.

Explore the friends and family mortgage
Self-Employed Mortgage

The perfect mortgage solution if you’re a business owner, an entrepreneur, or self-employed.

Explore the self-employed mortgage

Helpful resources


Whether you’re in the market for a new mortgage or looking to renew, switch, or refinance, we make it simple and convenient. Get helpful advice on all our mortgages.

EXPLORE MORTGAGE RESOURCES

Questions? There are several ways to get in touch