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Mortgage Rates

Mortgage Rates

It is our goal to offer you an excellent service experience and earn the privilege of being your preferred mortgage lender throughout the life of your mortgage. Whether you’re a first-time homebuyer, planning a move to a new property, seeking to consolidate debt through refinancing, or aiming to secure the best possible rate for your mortgage renewal, we’re here to offer you the best mortgage solutions catered towards your individual needs.

We know that mortgage rates are an important factor in your mortgage decision. MERIX offers competitive rates – plus other mortgage features – to help you finance your next home.

The Bank of Canada Prime Lending Rate is the annual interest rate that Canada’s major banks and financial institutions, including MERIX Financial, use to determine their own interest rates for adjustable rate loans, including mortgages. When the Bank of Canada’s Prime Lending Rate changes, we adjust our own Prime Rate accordingly. Unlike Fixed Rate terms, Adjustable-Rate Mortgages are impacted by Prime Rate changes. The Adjustable-Rate Mortgage (ARM) is a closed mortgage that offers borrowers the ability to take advantage of potentially lower, short-term interest rates while offering them the peace of mind knowing that they can convert to a Fixed Rate Mortgage at any time during the term.

MERIX Financial Prime Rate: 7.20%
Rates Effective: July 12th, 2023 

There’s more to consider beyond mortgage rates

While mortgage rates are an important part of the conversation, they’re not the only element of a favourable mortgage. When you choose a mortgage, it’s important to consider factors such as:

Whether you’re buying your first home, your next home, renewing or refinancing, MERIX Financial has solutions to meet your specific needs.

At MERIX Financial we partner with the very best mortgage brokers. Our brokers are dedicated, knowledgeable professionals who are committed to finding you the right mortgages for your circumstances.

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