Fixed Rate Mortgage
A fixed rate mortgage is a loan based on an interest rate guaranteed for a specific amount of time. With a fixed rate mortgage, you are able to “lock in” the current interest rate and therefore your mortgage repayments will remain consistent for the duration of your mortgage term. This gives you the peace of mind that your mortgage payments will remain constant even when market conditions become unfavorable or MERIX prime rate increases.
- Repayments remain the same for your whole term
- Provides peace of mind for borrowers concerned about interest rate increases
- Allows more precise budgeting
Please speak with your qualified Mortgage Broker to help you determine if a fixed rate mortgage is right for you.
Questions or Comments:
If you have any further questions or comments on these products, please do not hesitate to get in touch with your MERIX approved mortgage broker or contact us today!
If you currently do not have a mortgage broker, you can choose one from our approved list, in the Approved Mortgage Broker section of this website.
We partner with the best mortgage brokers in the country who are committed to providing you with only the best service. MERIX Financial has an enviable record of building exclusive partnerships with leading Mortgage Brokers across the country. Click here to find a mortgage broker near you!