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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:8 R3 C/ a, `( r* }. V$ [
9 j" {4 ?9 P0 ~- H1. Deal must close by August 28th 2009
9 V0 O* I' g, l$ P2. New Deals Only, No pre-approvals.
0 O7 y) c( ?. Y' g3. Switches and transfers are not permitted. & |5 o' P8 b2 R, S- r, Z/ U
4. 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 ) Z: L: B* ]# `% `# w( B
5. Available on both conventional and high ratio (CMHC).
' Y$ k! t6 k2 M$ q8 a6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
8 q4 S$ K5 r4 n7. Minimum amortization is 15 years. |
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