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 |
|
| Property Type |
|
| 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)** |
|
| Down Payment | 10% minimum. Gifts allowed |
| Payment Options | Monthly, semi-monthly, bi-weekly, weekly (accelerated) |
| Prepayment Privilege |
|
| Early Payout | Closed term: greater of 3 months interest or interest rate differential |
| Credit History |
|
| Income |
|
| Other |
|
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