Merix Financial Mortgage Products

Merix Financial offers many products. One may suit your needs. Contact your broker for more details

One mortgage product that is very good is the 5% cash back mortgage. This serves a replacement of the no downpayment mortgage. The no downpayment mortgage is no longer in Canada, so Merix Financial now has a product that if you put down the original 5% of the mortgage then upon closing you will recieve your 5% cash back. Details of this mortgage product and others are below.


Merix Financial 5% Cash Back Mortgage

This is a closed mortgage with the ability to recieve 5% of the mortgage amount back in cash. This will be recieved once the property closes. Almost serves as a no downpayment mortgage. Instead you must put the 5% down and you recieve the money back upon closing. With 5% cash back mortgages also expect to pay a premium for this option. Usually higher interest rate than normal fixed mortgages.

Merix Financial terms and options:
Terms: 5,7, 10 years
Payment Frequency: accelerated weekly, accelerated bi-weekly and monthly
Prepayment: 20/20
Beacon score must be above 620

Merix financial mortgage approval period is good for 120 days on purchases and 60 days on refinancing

Contact your mortgage broker for Merix financial current interest rates



Merix Financial Fixed Rate Mortgage

Merix financial offers fixed rate mortgages. This is a fixed rate mortgage for the term of the mortgage. It offers competitive prepayment privileges.

Merix Financial mortgage terms and options:
Terms: 6 months convertible, 1-5, 6, 7, 10 years
Prepayment: 20/20
Beacon score must be above 620

If your refinancing, depending on your beacon score is how much you can refinance your house value for.
eg. If your beacon score is higher than 650 you can refinance up to 95%

Contact your mortgage broker for merix financial current interest rates



Adjustable Rate Mortgage

Merix financial offers adjustable rate mortgages.This is a closed mortgage with the ability to take advantage of low short-term interest rates and it is convertible to a fixed rate mortgage.


Contact your mortgage broker for merix financial current interest rates



Merix Financial's NEW 50/50 Mortgage

Merix financial offers 50/50 rate mortgages.This lets a borrower take advantage of low fixed rates and low adjustible rates all in one mortgage. 50% is in a 5 year fixed rate and 50% of the mortgage is in a 5 year adjustable rate.


Contact your mortgage broker to see if Merix Financial is the right lender for you.



Call us for Merix mortgage rates.

Use out mortgage calculator to see how much mortgage you can afford.