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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:
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: t, m6 ^/ v% s, b1. Deal must close by August 28th 2009
+ R* m3 O8 ~, }- f ^. w2. New Deals Only, No pre-approvals. * H' P" C- S) c5 k) l; g% _& L) Z
3. Switches and transfers are not permitted. ( k0 i7 u" t9 {1 E3 A4 S/ l; |! B
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
5 L0 y+ c& j5 g- ^0 B0 D- d5. Available on both conventional and high ratio (CMHC).
& P9 v: {( w+ Q) I3 c2 K" V% {, Y6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
r! e! }3 R, I, X3 T5 [% m7. Minimum amortization is 15 years. |
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