The Meridian Self-Employed Mortgage
We’re in the business of helping you get a great mortgage
Are you a business owner, an entrepreneur or self-employed?* The Meridian Self-Employed Mortgage is the perfect solution if you want to buy a home or refinance an existing mortgage. We understand small businesses, and we'll work with you to make home ownership possible. You deserve a great mortgage - we can help you get one!
Not sure if you’re considered self-employed?
“Self-employed” is a broad term. It can cover almost anyone - from a business owner with dozens of employees, to a person who makes money selling goods on a site like Etsy. If you’re not sure where you stand, come talk to us!
How to get a Meridian Self-Employed Mortgage
1. Talk to a mortgage advisor
This is a great opportunity to figure out which one of Meridian’s great mortgages would work best for you, and ask any questions you have.
2. Apply for a mortgage
Work with your mortgage advisor to apply for the mortgage you want. Your advisor will be there every step of the way and together, you’ll work out the details - like how big a mortgage you could get, your rate, and your term.
3. Get ready to move in!
Now that you’ve talked to a mortgage advisor, applied, and worked out the details, you’re ready to move into your dream home!
You can also use the Meridian Self-Employed Mortgage to buy a vacation home, a property to rent out, or to refinance your current mortgage.
Meridian mortgage perks
Be mortgage free sooner
We call it 20/20 prepayment. Pay off up to 20% more of your mortgage each year through a combination of prepaying more of your original principal balance and increasing your original mortgage payment.
Skip a payment
Life happens. Breathe easier knowing that you can skip one month’s mortgage payment once every 12 months with no penalty.
Flexible schedules
Choose from weekly, bi-weekly, monthly, bi-monthly, or accelerated weekly or bi-weekly payment plans - whatever works for you.
Mortgage protection
Take advantage of Group Mortgage Protection (GMP) - a monthly premium that helps safeguard your home in case of financial hardships as a result of conditions such as death, disability, critical illness or loss of employment.
This creditor group insurance coverage is optional and is underwritten by The Canada Life Assurance Company (Canada Life). Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of Canada Life. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Certificate of Insurance for full coverage details
Fixed rate mortgages
Lock in a rate that stays the same even when the market changes.
Variable rate mortgages
Keep your options open with a rate that follows the market.