MERIX Financial is proud to remain the only lender in Canada offering true compensation choice, allowing you to choose on a deal-by-deal basis how you would like to be paid. Whether it be maximizing your upfront compensation through our new-and-improved Lendwise compensation that now features retroactive pay, or our renowned Trailer Fee compensation that pays you for the life of the mortgage, we're here to help you diversify your income and find your perfect compensation mix. Last year we introduced a number of system and product enhancements, and launched our unique MERIX Cashback, featuring availability on Fixed and ARM terms and cashback amounts up to 5%! This year, the enhancements haven't stopped. MERIX has been making it easier than ever to do business together and maximize your potential earnings. In case you've missed them, we've highlighted some of the key changes below for your convenience. There are too many others to list, so we recommend reaching out to your MERIX representative for all the details! RECENT POLICY ENHANCEMENTS Property Valuation Now offering AVM, introduced new AMC's including Solidifi and Value Connect, and increased options for ordering appraisals direct. Uninsured Financing Better than ever with extended rate holds, better rates, availability for Switch/Transfers, BFS addbacks and more! Rentals Reintroduction of rentals in Alberta/Saskatchewan, lower rental premiums, reduced minimum square footage requirements, better debt-servicing, all bulk-insured loans are now eligible for lender-paid MI premiums, and more favourable treatment of rental income. Switch/Transfers Reduced the minimum loan amounts for lender-paid FCT fees for both standard and collateral Switches. Bridge Financing Reduced interest rates, extended the bridge financing period, and improved eligibility. Alternative Lending NPX (the alternative product of MERIX Financial) has expanded beyond Ontario and is now available in British Columbia and Alberta! And More! Expanded lending areas, standardized heating costs, and large acreage lending updates (i.e. house plus 15 acres) just to name a few! |
Don't miss out on all the great things MERIX has to offer and reach out to your Director, Business Development or Personal Account Manager today! Not currently signed up with MERIX? Click the button below to get started. |