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.
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.
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%
What is today’s mortgage prime rate?
What will the prime rate be in 2021?
|December 03, 2021||3.25%|
|December 02, 2021||3.25%|
|December 01, 2021||3.25%|
|November 30, 2021||3.25%|