Tag Archive: meridian credit union


How Some People Still Beat the Mortgage Stress Test

Grandfathering Remains in Effect Okay, you really shouldn’t be as happy as these people if you have to do an end-around to pass the stress test, but nonetheless… If you’re switching lenders to get a better deal, the best 5-year mortgage rates are usually available only on insured or insurable mortgages. And that’s a problem if your property value has...

Flex-Equity Mortgage Line from Meridian Credit Union

Big banks reign over Canada’s mortgage market, but one segment that they particularly dominate in is readvanceable mortgages. If you want a good readvanceable you have very few choices outside of the Big 6 banks.┬áMeridian Credit Union is one of those very few. The company’s Flex-Equity Mortgage Line has all the trappings of a major bank readvanceable, with added benefits....