Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:4 T* l2 y! |1 O+ H: r# W- X. H- \
: x+ a i, J/ i3 |! f& [1. Deal must close by August 28th 2009 7 d. M0 z8 B/ K Q5 `8 }, L6 {4 U2. New Deals Only, No pre-approvals. 1 V ?* U( f ]- Y: e3. Switches and transfers are not permitted. $ F) O$ @' {/ W1 u4. 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 # D5 P. p! R/ l- L. a
5. Available on both conventional and high ratio (CMHC). - l- D" W8 e! b3 G1 \6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 1 _" \2 k( L6 |% o
7. Minimum amortization is 15 years.