Revolutionary mortgage services and products. Remember accurately those?
With Ottawa’s onslaught of rule tightening, it is been some time since we’ve seen a brand new item that had been significantly unique. That is one of these.
Merix Financial, the broker channel’s seventh-largest loan provider by market share, is starting the Interest-Only Flex home loan on Monday.
The IO Flex has one key function: to cut a borrower’s monthly carrying costs.
Although the prices are greater than an amortizing that is conventional (as you’d anticipate provided the greater risk), the re payments are materially reduced.