Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:1 x: ~2 o$ x1 o8 H0 b7 C
! f+ _8 F L3 B" j/ k* S# p1. Deal must close by August 28th 2009 , n% d$ Q- O8 Z2. New Deals Only, No pre-approvals. 7 F! r9 P/ k: t( f7 t% U' c$ F3. Switches and transfers are not permitted. " H6 u0 t/ {$ L$ E3 B4. 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 5 }( \7 c( {: {* R5. Available on both conventional and high ratio (CMHC). 0 H; f7 C6 ] y6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( x0 z$ p; ^1 j: y: D* o) j7. Minimum amortization is 15 years.