Switch

Get up to $50,000 cash back*

One more reason to switch your mortgage to Meridian.

Why switch your mortgage to Meridian?

Plenty of perks

With exclusive Member perks like 5% cash back and prepayment of up to 20%, you’ll have plenty of reasons to love your Meridian mortgage.

Competitive rates

Our Members always get a highly competitive rate, especially when compared to some of the bigger financial institutions.

Switching is seamless

We’ll do the work. Talk to one of our advisors and we’ll ensure that your mortgage is switched over quickly and easily.

Meridian Mortgage perks

Enjoy Member perks that make managing your mortgage less stressful. With up to 5% cash back, 20% prepayment privileges, and the freedom to skip a payment when you need to, you’ll be feeling good about switching your mortgage to Meridian.

Featured mortgage perk: Cash back

A cash back mortgage is perfect for covering immediate expenses like closing costs or renovations. Cash is paid the day your mortgage is advanced, and you repay it at a slightly higher interest rate over the course of your mortgage term. Every 1% of cash back results in an increment of 0.20% to your mortgage rate.

How much cash can you get?

You can get up to 5% of your mortgage principal, up to a maximum of $50,000*.

The amount of cash back you get depends on the amount of your mortgage, your down payment, and your mortgage term.

Mortgage amount	3% cash back	5% cash back
$300,000	$9,000	$15,000
$500,000	$15,000	$25,000
$1,000,000	$30,000	$50,000

Note: Eligibility will depend on your down payment amount and mortgage term. See terms and conditions for more information.

Explore all mortgage perks

Featured rates

There’s more to your mortgage than the rate. But a good rate is a good place to start. Explore these limited time offers.

Fixed rate mortgage

5-year closed

4.54%

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Fixed rate mortgage

5-year closed high ratio

4.19%

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How to switch your mortgage to Meridian

People usually move their mortgage to get a better rate, lower their payments, or access their home equity. If your mortgage term is coming up for renewal, this is the perfect time to make the switch. To get started, simply contact one of our advisors. We’ll help you with your application and request a payout statement from your old lender.

MORE ABOUT SWITCHING

Ready to get started? There are several ways to get in touch.

Find Us Call us: 1-888-220-8221 Book an appointment

O.A.C Rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, amortizations greater than 25 years, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with Meridian Prime Rate, which is currently 5.45%. Where applicable, borrowers will be subject to qualifying criteria. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager.

A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Refinances, renewals and amortization periods of greater than 25 years are ineligible.

For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion.

*Cash Back is advanced on the date of mortgage funding, not in advance – if mortgage isn’t advanced, no cash back will be credited. The Cash Back amount is a percentage of the contractual mortgage amount, with an applicable rate increment based on the terms of the Mortgage. Cash Back is advanced to the Borrowers for the full length of the mortgage term for any new mortgage application, if the borrower pays out the mortgage prior to maturity, Cash Back must be repaid at predetermined prorated amounts in addition to any applicable prepayment & discharge fees. Available for mortgage terms from 3-5 Years, applicable to both Fixed Closed & Variable Mortgages. Maximum allowable cash back amount is up to $50,000. Offer may be cancelled at any time. Standard mortgage approval requirements, OAC. Other conditions apply; speak to an advisor for details.