Meridian Home Mortgage Corporation is not really a mortgage lender. This gives the financial institution the assurance they are going to be recouped the total amount of the mortgage loan should anything take place and also the new prroperty owner not be in a position to pay back the loan. Mortgages are available in different packages with assorted mortgage rates and different tenure of repayment. High consumer debt could result in a denial of your mortgage loan application. A crucial issue to apprehend is always that home loans will from time to time.