Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: 5 B$ {# s# a& S# G " o0 U$ c; S6 K0 @1. Deal must close by August 28th 2009 " O# ?0 d" ~& W' x# v
2. New Deals Only, No pre-approvals. 5 H+ ~- ^/ R$ ]( N0 v; `+ f
3. Switches and transfers are not permitted. U% F" u* p# E' \
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 * }1 [% b; i5 c" h
5. Available on both conventional and high ratio (CMHC). / W* k, E( J7 f, i+ f( L
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. " O3 [7 \% i9 ^6 H8 q. j* y$ {
7. Minimum amortization is 15 years.