Product Name | Meridian Closed Fixed Rate Mortgage |
Available In | Canada (Only in Ontario) |
Offered By | Meridian Credit Union |
Product Page | Meridian Closed Fixed Rate Mortgage |
1 Year | 2.84% 1 Year Increased from 2.79% to 2.84% on March 14, 2017
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2 Year | 2.79% 2 Year Decreased from 4% to 2.79% on March 14, 2017
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3 Year | 3.39% 3 Year Decreased from 3.55% to 3.39% on February 20, 2016
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4 Year | 3.89% 4 Year Decreased from 4.19% to 3.89% on February 20, 2016
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5 Year | 4.49% 5 Year Decreased from 4.79% to 4.49% on February 20, 2016
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7 Year | 5.29% 7 Year Decreased from 5.95% to 5.29% on February 20, 2016
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10 Year | 5.79% 10 Year Decreased from 6.29% to 5.79% on February 20, 2016
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Max Annual Lump Sum Prepayment | 20% |
Max Annual Increase to Regular Payments | 20% |
Payment Schedules | Weekly, bi-weekly, monthly, bi-monthly and accelerated. |
Rate Hold | 90 days |
Additional Notes | Can skip one month's worth of mortgage payments once per year (certain conditions apply) |