Adjustable rate mortgage
Unlock flexibility and the potential to save.
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Just like the name describes, an adjustable rate mortgage adjusts
based on changes to the market.
That means if the MERIX prime rate goes down, you have the potential to save on interest.
That means if the MERIX prime rate goes down, you have the potential to save on interest.
Is an adjustable rate right for me?
When you choose an adjustable rate mortgage, you’re tapping into the potential to save, but there’s also the possibility that rates (and your mortgage payments) will go up.
If you’re working with a flexible budget and can weather occasional uncertainty, an adjustable rate could be a great option for you!
Adjustable rate features:
If you’re working with a flexible budget and can weather occasional uncertainty, an adjustable rate could be a great option for you!
Adjustable rate features:
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Potential savings
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Flexibility
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Lower costs
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Perks of an adjustable rate with MERIX
If you’re unflinching when it comes to change, an adjustable rate mortgage may be exactly what you’re looking for. Save on interest and be confident you can change course if needed.
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Payment possibilities
From weekly to monthly, you can pick the payment schedule that works best for you.
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Interest savings
When the Prime Rate goes down, you’ll be paying less in interest, giving you the opportunity to put that money towards other goals.
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Adaptable to you
Feel good knowing you have the option to switch to a fixed rate if your situation changes.
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Prepayment options
If you’re on a mission to be mortgage-free even sooner, MERIX’s prepayment options will help you get there.
Ready to explore your mortgage options?
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Whatever mortgage option feels right, a knowledgeable mortgage broker can help you figure out what will work for you.
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