Product Name | Meridian Closed Variable Rate Mortgage |
Available In | Canada (Only in Ontario) |
Offered By | Meridian Credit Union |
Product Page | Meridian Closed Variable Rate Mortgage |
Rate | 2.95% Rate Increased from 2.7% to 2.95% on July 15, 2017
- 1 Year
- 3 Years
- 5 Years
- 10 Years
- All Data
|
Term Length | 5 years |
Fixed Payments | Yes |
Max Annual Lump Sum Prepayment | 20% |
Max Annual Increase to Regular Payments | 20% |
Payment Schedules | Weekly, bi-weekly, monthly, bi-monthly and accelerated. |
Additional Notes | Can skip one month's worth of mortgage payments once per year (certain conditions apply) |