|Conventional Mortgages |
Variable Rate Mortgages
High Ratio Mortgages
As with any line of credit, a MERITline™ lets you do whatever you want with the cash and it's available when you require it. Once you've applied, you can use the funds over and over again, up to your limit. By using your home as security, you'll receive a preferred rate. It could open the door to some exciting new opportunities.
With a chequing account and total pay deposit, you’ll automatically get our best possible REWARDS rate and save on interest costs.
BENEFITS AND FEATURES
Talk to your Member Service Officer to get your MERITline™ signed and sealed or apply online.
- Saves time! Apply only once but borrow the money again and again
- Saves money! Pay less interest with your home as security
- Greater flexibility! Borrow up to your approved limit any time and pay interest only on what you borrow
- It's convenient! Make payments through payroll deposit, automatic transfer, or a Credit Union ATM
- Easy access with cheques, ATM or in-branch withdrawal
- No fees if not in use
- Minimum $10,000
- Low, one time, set up charge!