A Meritline is the ideal product for someone looking for flexibility with their mortgage. Our Meritline acts like a fully secured line of credit and allows you to borrow up to 80% of the equity in your home. Whether it’s home renovations or that dream vacation, this product is an ideal and inexpensive way to ensure you always have the cash on hand when you need it. Choose from a linked meritline that is attached to your chequing account or opt for a non-linked meritline and transfer the funds only when needed. Either way, this product will fund your dream home and give you all of the benefits of a regular line of credit.
- Competitive variable rate
- Flexible payment schedule options
- Flexible payment transfer options
- Access to your money anytime you need it
- Option to make extra payments or pay down at any time without penalty
- Option to include life, disability and critical illness insurance