Written by 4:34 PM Interest Rates, Mortgage Tech News • 14 Comments Views: 3

Prime – 0.25%

Merix Merix has just raised the bar (or lowered it, as the case may be).

They’ve just announced a prime – 0.25% variable-rate offer on a 3-year variable.  It’s the lowest nationally-advertised variable rate in over a year.

The details:

  • Must close within 30 days
  • Purchases and refinances only
  • No pre-approvals or switches
  • Owner occupied single family dwellings only
  • Minimum Beacon Score: 680
  • Minimum Amortization: 10 years
  • Minimum Mortgage Amount: $100,000

Speak with any Merix-approved mortgage planner for complete rules and conditions…

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Last modified: April 28, 2014

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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