TORONTO, Feb. 21, 2017 /CNW/ - The dream of home ownership becomes closer to reality for many Ontarians thanks to the Family and Friends Mortgage from Meridian, Ontario's largest credit union.
"With the steady rise in the housing market, many Ontarians are looking for a viable financial solution to help reach the goal of owning a home," says Bill Whyte, Meridian's SVP and Chief Member Experience Officer. "That's why we created the Family and Friends Mortgage."
The Family and Friends Mortgage enables Members to join forces, pool their financial resources and afford a shared home. Up to four people can be placed on title and there are no additional set-up costs for Members. Meridian has also developed a Guide with recommendations to help Members prepare an agreement, create a budget, discuss the sharing of expenses and create contingency plans for emergencies.
In case there's a parting of ways, Meridian's mortgage advisors are also on hand to provide insight and advice.
For more information about the Family and Friends Mortgage, visit the Meridian website at www.meridiancu.ca or visit your nearest Meridian Branch and speak with a financial advisor. The Family and Friends Mortgage Guide can be found here.
With over 70 years of banking history, Meridian is Ontario's largest credit union, helping to grow the lives of a quarter of a million Members, including over 25,000 business Members. Meridian has $14 billion in assets under management and delivers a full range of financial services online, by phone, by mobile and through a network of 87 branches across Ontario, and commercial banking services in 11 locations. Meridian Members also have access to THE EXCHANGE® Network, with more than 3,300 no-fee ABMs across Canada and 500,000 ABMs in the United States. For more information, please visit: meridiancu.ca.
SOURCE Meridian Credit Union
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