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Product Offerings

Merix & Lendwise Products

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.

The Bridge Financing program is for borrowers looking for a temporary loan to cover the intermediary period between the sale of their current home and the purchase of a new one.

The Business for Self Program is designed for self-employed borrowers (in business for a minimum of 2 years) that cannot provide traditional sources of income verification.

In partnership with First Canadian Title (FCT), MERIX Financial is pleased to offer borrowers the ability to move their existing collateral mortgage charge to MERIX Financial at a competitive rate with no additional cost to the borrower.

The Family Plan mortgage enables borrowers to assist family members that don’t meet income requirements with the purchase of a home. Ideal for parents wishing to buy a home for their children in post-secondary schools and for adult children buying a home for their elderly parents.

The Fixed Rate Mortgage is a closed mortgage that offers borrowers the comfort of knowing their monthly payment will not change throughout the term of the mortgage. It is also fully assumable and portable, with flexible prepayment options.

The Flexible Down Payment program allows borrowers to use existing credit facilities and/or gifts or borrowed from immediate family members to use as their down payment or for closing costs.

The Interest-Only Flex Mortgage is suitable for borrowers and investors looking to Purchase or Refinance up to 80% of the value of the home and take advantage of lower monthly payments during the term.

The New to Canada Mortgage allows qualified borrowers who have immigrated to Canada from another country, or have been transferred here by an employer, to qualify for mortgage insurance with as little as 5% down.

Purchase Plus Improvements is suited for borrowers that would like to purchase a home, with improvements. The purchase and the improvements are combined into one mortgage and a single advance. Improvements cannot exceed 20% of the initial value of the property or $40,000. The “as improved value” of the property must be less than $1M.

The Rate Plus Mortgage (RPM) program allows borrowers to take advantage of competitive low interest rates and a full-featured mortgage with all the benefits.

The Rental Property Program is suited to borrowers who have established excellent credit history and wish to invest in a rental property. The Rental Program is for those borrowers who wish to purchase a multi-unit property of 2-4 units.

A program designed to assist with the purchase of a second home with little money down with an affordable monthly payment.

The Switch Program allows a borrower to transfer their mortgage from another lender to MERIX mortgages quickly and efficiently.

NPX Products

The NPX XTEND Mortgage allows borrowers to qualify at contract rate and extend their borrowing potential for all income types and 30-year amortization periods. Available in Ontario only.

The NPX XTEND+ Mortgage, an extension of our XTEND product, is for borrowers looking to increase borrowing power through extended amortization up to 40 years, rent reduction options, and qualifying at contract rate. Available in British Columbia and Ontario only.

The NPX EXACT Mortgage allows borrowers to qualify at contract rate to maximize loan amounts with fee and no fee options on a 5-year term. With set guidelines there is no grey area in this 30-year amortization product. Available in Ontario only.

The NPX AXIS Mortgage is a standard qualification solution to pivot and accommodate several borrower scenarios including BFS Stated Income, Rental Properties, and unique income situations. Available in British Columbia and Ontario only.

Low Doc Equity Income and the Self-employed Declared Income products are ideal for clients are that are self-employed, consultants, contractors or commissioned salespeople who may not be able to confirm all of their income in the traditional manner. All mortgages are qualified at contract rate. Available in British Columbia and Ontario only.