Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:5 A" ^/ q# } K. f i" w- Y- R- L
/ h: G5 G w2 A: M! y* U8 L+ ~7 ?$ q1. Deal must close by August 28th 2009 $ X/ `0 ~- M! d/ t! j
2. New Deals Only, No pre-approvals. 5 ^1 [9 w2 L* U4 {3. Switches and transfers are not permitted. 8 w, o% I) ]! B
4. The 18-month term is convertible at any time with no penalty to a 5 year fixed rate mortgage, at published rates available at time of conversion 8 r: O S( h5 S4 s0 D5 Q& C
5. Available on both conventional and high ratio (CMHC). & g2 |( c2 D7 q9 r
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 0 X0 W, k/ { C' C E; q/ g2 r7. Minimum amortization is 15 years.