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Merix Financial

Most mortgage borrowers don’t realize that their mortgage lender options are much broader than the Big 5 Banks.  There is an entire market of lenders who are, in many cases, more competitive than the banks when it comes to mortgage interest rates, have a wider selection of products and have excellent costumer service. One ...

Monday Mortgage Minute – Dec 14th 2009

Very few changes this week to mortgage interest rates in Toronto. 1 year fixed – 2.60% 3 year fixed – 3.40% 5 year fixed – 3.99% 3 year variable – Prime-.10% (2.15% effective rate) 5 year variable – Prime-.10% (2.15% effective rate) RATE SPECIALS 5 year fixed – 3.89% 3 year variable Prime-.25% (2.00% ...

Merix Financial Decreases Interest Rates

Merix financial has just announced this afternoon that they have decreased their mortgage rates. Further to my post earlier this week regarding the Merix 50/50 mortgage the new rate works out to be 3.07%! 3.99% for the 5 Year Fixed portion Prime – .10% for the 5 Year ARM portion Weighted average rate: 3.07%

What Is a Private Mortgage? Ask a S.o.b

This week’s question is in regards to the various post we have online regarding Private Mortgages in Toronto. What is a private mortgage? Private mortgages are a special and very interesting type of mortgage option that most people are not too familiar with. The most basic definition of a private mortgage is a mortgage ...

Merix Fiancial 50/50 Mortgage – the Best of Both Worlds

Not sure whether you want to take the full risk of selecting a variable rate mortgage in Toronto with an imminent rise in the prime rate on the horrizon over the next 24 months? Why not consider an innovative product offered by Canadian mortgage lender Merix Financial. The 50/50 mortgage. The Merix 50/50 Wise ...