Ontario’s largest credit union has announced a 15-month fixed mortgage at 1.50 per cent, in celebration of Canada’s 150th anniversary.
“For many Canadians, homeownership is the great Canadian dream,” Meridian SVP and chief member experience officer Bill Whyte said. “This unique mortgage offer celebrates that Canadian dream by helping Ontarians achieve their home ownership goals sooner.”
Aside from this mortgage offering, Meridian will also be rolling out a special three-year term on its Canadian Diversified Index-linked GIC, which will provide members with a minimum return of 1.50 per cent and up to a potential maximum return of 15 per cent.
“Meridian is also offering a 1.50 per cent cash bonus for all new registered money transferred from an external financial institution to a registered plan at Meridian,” the union stated.
Interested parties can visit Meridian’s online portal
for the relevant terms and conditions.
Lender offers unique new product
Lender suggests unique policy to encourage first-timers