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Rate
Five Year4.94%
Fixed Mortgage Rate
Key Details
| Rate Hold | 90 Days (Jul 17) | |
| Payment | $1866 (Customize) | |
| Prepayments | 20% / 20% |
Mortgage Info
| Rate Hold | 90 Days (Jul 17) |
| Lump Prepayments | 20% |
| Payment Increase | 20% |
| Double-up Payments | No |
| Permitted Loan-to-Value | 80.01% to 95% |
| Pre-approvals | Yes |
| Provider Type | Credit Union |
| Provinces Served | ON |
More Details
| Minimum Mortgage | Inquire |
| Max Property Value | $1,000,000.00 |
| Open | No |
| Max Amortization | 25 Years |
| On Ratespy Since | November 14, 2019 |
Rate History
| Last Updated | Jul 28, 2023 |
| Previous Update | -- |
| Prior Rate | 5.05% |
| Latest Rate Change | -0.11% |
| Rate ID # | 6120 |
Payment Information
| Mortgage Amount | |
| Amortization (years) | |
| Monthly Payments | |
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All Meridian Credit Union mortgage rates |
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Rate History
How It Compares
- The 2nd-lowest 5-year fixed rate as of April 18, 2024
- Ranked 6 out of 1350 rates for popularity.
Provider Notes
Check this provider's website for complete details.
Rate Notes
High ratio only. O.A.C Rates are subject to change without notice. Quoted rate is based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home or has less than 20% equity available based on the appraised home value.
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