MORTGAGE RATES Bank of Canada Qualifying Rate

[Pages:1]MERIX FINANCIAL PUBLISHED MORTGAGE RATES

Effective: December 14, 2021, at 11:59 PM EDT MERIX Financial Prime Rate: 2.45% Qualifying Rate: 5.25%

STANDARD 5 Year Rates

LTV

Fixed

Rate Hold (Days)

ARM

Rate Hold (Days)

Insured Purchases & Transfers

Up to 95%

2.69%

120

P - 1.10%

120

Up to 65%

2.69%

120

P - 1.10%

120

Insurable Purchases & Transfers

65.01 - 70%

2.84%*

120

P - 1.00%

120

70.01 - 80%

2.84%

120

P - 1.00%

120

Uninsurable Purchases & Refinances

Up to 80%

2.84%

90

P - 1.00%

90

Uninsured Rentals

Up to 80%

3.44%

90

P

90

Insured Pre-Approvals

Up to 95%

3.29%

120

Insurable Pre-Approvals

65.01 - 80%

3.44%

120

? For 60.01% - 80.00% LTV: if beacon is greater than 720, Insurable rates/policies apply; if beacon is less than 720, Uninsured rates/policies apply. ? Please speak to your DBD/PAM for Interest-Only Flex and Insured Rental Rates (Standard Rates are available for BFS Alt-A with no premium)

? Pre-approvals are only offered on 5-year owner-occupied Insured and Insurable Mortgages. Uninsured mortgages, rentals, and other terms outside of 5-years are not

eligible for pre-approvals. * Take 5bps off for Rate Plus Mortgage product. Click here for product details.

CASHBACK 5 Year Rates

Up to 95% LTV (Insured) Up to 65% LTV (Insurable) Fixed Term 65.01 - 70% LTV (Insurable) 70.01 - 75% LTV (Insurable) 75.01 - 80% LTV (Insurable) Up to 95% LTV (Insured) Up to 65% LTV (Insurable) ARM Term 65.01 - 70% LTV (Insurable) 70.01 - 75% LTV (Insurable) 75.01 - 80% LTV (Insurable) ? Click here for more information on the MERIX Cashback Product.

1%

2.99% 2.99% 3.14% 3.14% 3.14% P - 0.90% P - 0.90% P - 0.80% P - 0.80% P - 0.80%

1.5%

3.14% 3.14% 3.29% 3.29% 3.29% P - 0.75% P - 0.75% P - 0.65% P - 0.65% P - 0.65%

2%

3.29% 3.29% 3.44% 3.44% 3.44% P - 0.65% P - 0.65% P - 0.55% P - 0.55% P - 0.55%

3%

3.59% 3.59% 3.74% 3.74% 3.74% P - 0.40% P - 0.40% P - 0.30% P - 0.30% P - 0.30%

5%

4.04% 4.19% 4.19% 4.19%

P - 0.10% P + 0.20% P + 0.20% P + 0.20%

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Click here for Posted Rates

DISCLOSURE:

? Rates apply to MERIX and Lendwise and standard commission applies unless otherwise specified. ? All rates and premiums are subject to change without notice and rates stated may not be available for all lending programs or deals scenarios. ? Qualify using the greater of the contract mortgage rate + 2% or the floor rate as defined by the OSFI. ? One float down per file to a published rate is permitted (specials not included, and some exceptions apply). Click here to request a float down. ? These rates do not apply to the province of Quebec. Please contact your DBD/PAM for Quebec rates.

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