MERIX

With over 29 billion dollars in funded mortgages, MERIX Financial focuses on helping Canadians from all walks of life realize the dream of homeownership. MERIX Financial has a record of building strong partnerships with leading Originators across the country. The Originators they partner with are committed to delivering the highest level of service standards.

MERIX Financial, Lendwise, and NPX are all under the same company.

Closed Program Details
Purpose	Purchase Refinance
Property Type	Owner Occupied Rentals up to 70% LTV Highly Marketable
Term	1,2, and 3 year (fixed) Open term available upon request
Rate	· Fixed · Rate hold 90 days
Loan Amount	· Minimum $100,000 · Maximum $1 million
Maximum (LTV)**	Up to 80% of the property’s appraised value or purchase price, whichever is less
Down Payment	10% minimum. Gifts allowed
Payment Options	Monthly, semi-monthly, bi-weekly, weekly (accelerated)
Prepayment Privilege	Lump sum up to 20% of the original principal amount 20% increase in payment
Early Payout	Closed term: greater of 3 months interest or interest rate differential
Credit History	Minimum 500+ beacon score Beacon under 500 will be available on a case by case basis Bankruptcy must be discharged Consumer proposal must be paid in full
Income	Documentation will be required to support existence of a business Documentation will be required for confirmation of employment as stated Contributory income from residing immediate family allowed
Other	Assumable transferable upon approval