Merix Financial's 3 Year Variable Rate Down

March 17, 2010

Merix is leading the way down with their 3 year variable rate mortgage. They announced yesterday evening that they are now offering Prime minus 0.50 which currently gives the borrower an effective rate of 1.75%! We are now back down to the same variable rate spreads that we saw pre-financial crisis fall 2008. The rate is good for 90 days, the rate is available for refinancing, purchases or switches at maturity of your existing mortgage. If you would like to explore if a 3 year variable is right for you, contact me.
Chris Molder – Son Of A Broker

Profile

Christopher Molder

Mortgage Broker

Christopher is a mortgage broker based in Toronto, Canada. And a son of a broker too. He’s a second generation mortgage broker. Following in his father’s steps he joined the family mortgage business straight out of university.