Merix Financial

MERIX Financial operates 3 distinct industry-leading brands:  MERIX, Lendwise, and NPX.

  • Since founding in 2005, MERIX Financial has funded over $20 billion in mortgage financing, to over 75,000 Canadians from coast-to-coast.
  • NPX, scheduled to launch sometime this Spring, is an exciting multi-solution approach to financing for clients that need flexibility with qualifying guidelines. This includes: higher debt service ratios, simplified business-for-self income, new to Canada, credit rebuild, credit beacon scores less than 600, discharged bankruptcy clients, and clients in Consumer Proposal.
  • Merix Financial offers you the choice paying your own property taxes whether you have a high ratio or conventional mortgage.
  • Prepayment privileges of up to 20% per year, allowed in minimum amounts of $100 on any scheduled payment date.
  • Monthly, accelerated weekly, accelerated bi-weekly, and semi-monthly payment frequencies.
  • For investment property purchases, you may hold the title in a holding company name, and may arrange up to 80% financing. The rates are slightly higher, and mortgage insurance (CMHC, Genworth, Canada Guaranty) may apply.
  • All mortgages are transferable, portable and assumable.
  • Flexible Down Payment Program which allows the use of borrowed funds for the down payment. You must have a minimum credit score of 650 to participate. Common sources of down payment under this program are personal loans, and unsecured lines of credit. A higher mortgage insurance premium applies.
  • New to Canada Mortgage, up to 95% financing with a valid work permit. Applicants must be in Canada for less than 5 years at the time of application. For full program details, click here.
  • Client portal web site for managing and viewing your mortgage details.
  • You can have your mortgage payment deducted from any bank account, there are no relationship banking requirements.
  • Merix Financial is a great lender choice that offers extremely competitive rates and great service, click here for their web site.