Is Meridian a good mortgage?

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A Meridian Flex Line Mortgage can be a good option to help you do a renovation, pay for education costs, or make a big purchase with, all without having to refinance to access your equity.

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Beside this, is a 2.8 interest rate good?

Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.

Similarly one may ask, is Meridian Credit Union Safe? We guarantee that it is safe to keep your money at Meridian. As a regulated financial institution, deposits at Meridian are guaranteed for up to $250,000 per Member, and deposits held in joint Member accounts are separately insured up to $250,000.

Secondly, what is high ratio mortgage?

A high ratio mortgage is a mortgage loan higher than 80% of the lending value of the property. A conventional mortgage is a mortgage loan up to a maximum of 80% of the lending value of the property.

What is the current prime rate 2021?

As a result, the current U.S. prime rate will also remain unchanged at 3.25%. The next FOMC meeting will run from December 14, 2021 to December 15, 2021, with any rate changes to be announced on December 15, 2021. … No change to the Federal Funds Rate target range, which remains at 0% – 0.25%

2 Related Question Answers Found

What is today’s mortgage prime rate?

3.25%

What will the prime rate be in 2021?

3.25%

Date Value
December 03, 2021 3.25%
December 02, 2021 3.25%
December 01, 2021 3.25%
November 30, 2021 3.25%

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