Posts tagged ‘Merix Financial’
P-.40 3 Year Variable Introduced by Merix Financial
Tweet Again Merix Financial is the first “kid on the block” to introduce a new variable rate. Fresh off the press Merix is now offering P-.40 on their 3 year variable rate mortgages! The effective mortgage interest rate is currently (2.25-0.40) = 1.85%. The mortgage is available for 90 days and is available to purchasers [...]
Monday Mortgage Minute February 8th – Toronto Interest Rates
Tweet We started off this morning with the lowering of the fixed 5 year special offered by mortgage lender Merix Financial leading all the lenders down. The “quickclose” special is now at 3.69% for a fixed 5 year rate. The only condition is that the mortgage must close by March 26th 2010. Other than that [...]
Monday Mortgage Minute – February 1st 2010
Tweet Mortgage interest rates have remained pretty stable over the last week and there are no signs of any changes to come. It looks as though the trend is downwards as the majority of lenders have begun to adjust their fixed 5 year rates to match the most competitive rates in the market. Given the [...]
Monday Mortgage Minute January 4th 2010
Tweet Toronto Mortgage interest rates for the week of January 4th 2010. Happy New Year! As of today lenders have given us a fair warning that fixed interest rates will be rising this week. Already we have seen one lender jump their fixed 5 year from 3.99% to 4.44%. In order to secure your low [...]
Monday Mortgage Minute – Dec 21st, 2009
Tweet Toronto Mortgage interest rates for the week of December 21st. Interesting to note that during a week that is traditionally calm in the markets there was another rise to the 5 year bond yield. I’ll keep an eye on further developments during the week to see how fixed rates will be effected. 1 year [...]
Merix Financial
Tweet 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 [...]
Merix Financial Decreases Interest Rates
Tweet 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% [...]
Merix Fiancial 50/50 Mortgage – The Best of Both Worlds
Tweet 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 [...]
Monday Mortgage Minute – Dec 7th 2009
Tweet Mortgage interest rates in Toronto have stayed fairly steady over the past week despite the increase to bond yields last Friday. Tomorrow the Bank of Canada will decide on whether to increase the prime rate. There is unanimous consent among economists that the prime rate will remain unchanged however it will be interesting to [...]
