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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:, H% F$ X/ r8 w5 n1 n: P
. w( x( R. U& U: w9 G% p- ]3 ?1. Deal must close by August 28th 2009 3 g% O6 S7 j# p; r1 o
2. New Deals Only, No pre-approvals.
% n* W# K! ]( k) A# T! W3. Switches and transfers are not permitted.
! e/ w3 W" {7 R1 Z2 t9 [7 i4. 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 9 ]$ A* ?2 ^, U% C! P/ s4 e, V
5. Available on both conventional and high ratio (CMHC).
3 R/ C1 r1 G6 s# y# M" ~9 R6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. , R; C% `: v, g
7. Minimum amortization is 15 years. |
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