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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:! K6 V+ ^6 ]7 S& ?. F/ |
8 D( A1 s4 M, _* D, O% P1. Deal must close by August 28th 2009
0 @$ u5 C2 g: a" H9 J2. New Deals Only, No pre-approvals. / h. R2 z+ a/ g9 ~
3. Switches and transfers are not permitted. 7 T, ^7 r! n# q. k# a1 g: c
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 - O3 k& I3 r# U
5. Available on both conventional and high ratio (CMHC). 7 q; v! h; ]2 P4 @
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
7 l; o. X/ U5 M5 o+ f c* A7. Minimum amortization is 15 years. |
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