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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:" o# |, D @$ R
! \! g8 C% t/ V- l2 h7 W1. Deal must close by August 28th 2009
, y( h$ Y) b$ u) \/ \2 ^2. New Deals Only, No pre-approvals.
% c6 O( v, Y i0 t& L( G3. Switches and transfers are not permitted.
& k+ D: x- _9 j n1 P* `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
/ ]6 {5 Z$ I0 v' _# L; ]* J5. Available on both conventional and high ratio (CMHC).
}* N& i0 ^, t: f1 w6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
+ l4 i W* R$ ~1 ~& H7. Minimum amortization is 15 years. |
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