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Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:
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1. Deal must close by August 28th 2009
6 k7 M& s# R- o5 R$ S7 X2 c- m2. New Deals Only, No pre-approvals.
D h+ n9 o* Q3. Switches and transfers are not permitted. 6 F2 y% q" ?' d4 u" q/ h9 J
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
2 W5 g U% \- o/ K" g' i1 m! g$ K. E5. Available on both conventional and high ratio (CMHC). 7 q- l$ ?! e, r) z! l
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( D5 g7 A0 Q* @, @3 P6 R- @) q0 |5 [
7. Minimum amortization is 15 years. |
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