Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ' b' J% w3 D/ F( s7 T5 J 0 W! I z. ~+ |7 p3 N' Y1. Deal must close by August 28th 2009 9 ^: o- m( V3 e2 I
2. New Deals Only, No pre-approvals. 6 ]& O4 g" E. o6 f- |
3. Switches and transfers are not permitted. # M0 s+ p- t8 f2 ^, T4. 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 6 `4 _- I0 Y" \; [2 }/ s5. Available on both conventional and high ratio (CMHC). * G9 n9 L7 l9 D2 [1 P+ Q0 Y/ U
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 4 g3 s# Z P' n% b3 W7. Minimum amortization is 15 years.