Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:' F9 }, ^: {7 a
5 D4 V! }0 y% |1 {1 @* j1. Deal must close by August 28th 2009 ' m! C8 H: ^9 g' ~
2. New Deals Only, No pre-approvals. . a! d8 A$ [, b- @; {) ?
3. Switches and transfers are not permitted. 6 @1 {9 h0 M; k7 j: G4. 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 8 \/ ?# W: V% \+ O* N J+ r. L8 p
5. Available on both conventional and high ratio (CMHC). - y& v7 s5 a& I& B) q6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 7 F6 Y) w3 A/ u4 Q8 X- x
7. Minimum amortization is 15 years.