TORONTO-To mark Canada's 150th anniversary, Meridian Credit Union is rolling out a 15-month fixed mortgage at 1.50%.
"For many Canadians, homeownership is the great Canadian dream," says Bill Whyte, Meridian's SVP and chief member experience officer, in a statement. "This unique mortgage offer celebrates that Canadian dream by helping Ontarians achieve their home ownership goals sooner."
In addition to this exciting mortgage offering, Meridian is also celebrating Canada's sesquicentennial with a special three-year term on its Canadian Diversified Index-linked GIC, providing Members with a minimum return of 1.50 per cent and up to a potential maximum return of 15%.
Meridian CU said it is also offering competitive mortgage rates and provides one of the best repayment options on the market today. Meridian's 20/20 repayment program allows Members to pay down up to 20% of the original principal balance per year without penalty and can be done at any time of the year without notice. Members can also increase their monthly payment up to 20% of their original payment plan each year.