Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ) C) ^# o. f! V ' e- p" q" G3 W. e9 }* w0 V b) x1. Deal must close by August 28th 2009 , w. b4 |$ M9 ?4 d! F2. New Deals Only, No pre-approvals. ! K3 E- \& u. f/ h3. Switches and transfers are not permitted. " d$ P. ~' O" H& 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 8 n: Q/ y. M H) d) G/ V: _. c5. Available on both conventional and high ratio (CMHC). # A( {" J0 A" P$ Y7 l# Z
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 1 K! @/ g& b2 l( w
7. Minimum amortization is 15 years.