One more reason to switch your mortgage to Meridian.
Featured mortgage perk: Cash back
A cash back mortgage is perfect for covering immediate expenses like closing costs or renovations. Cash is paid the day your mortgage is advanced, and you repay it at a slightly higher interest rate over the course of your mortgage term. Every 1% of cash back results in an increment of 0.20% to your mortgage rate.
How much cash can you get?
You can get up to 5% of your mortgage principal, up to a maximum of $50,000*.
The amount of cash back you get depends on the amount of your mortgage, your down payment, and your mortgage term.
3% cash back
5% cash back
Note: Eligibility will depend on your down payment amount and mortgage term. See terms and conditions for more information.
There’s more to your mortgage than the rate. But a good rate is a good place to start. Explore these limited time offers.
How to switch your mortgage to Meridian
People usually move their mortgage to get a better rate, lower their payments, or access their home equity. If your mortgage term is coming up for renewal, this is the perfect time to make the switch. To get started, simply contact one of our advisors. We’ll help you with your application and request a payout statement from your old lender.