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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
1 o& @$ P2 w( s# b2. New Deals Only, No pre-approvals.
6 P: f# b f d3 j' H% u9 ~3. Switches and transfers are not permitted. 9 H, ` w# i0 A" C* x, q
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
( j# |. U2 t' W* B3 `5. Available on both conventional and high ratio (CMHC). 9 x3 v$ |/ i3 E4 R5 }
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
# V9 @/ `; K Y" [: E6 O7. Minimum amortization is 15 years. |
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