Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:: X2 d! h9 m9 I( U r
8 G' o0 P- r5 n% {1 E, K9 _1. Deal must close by August 28th 2009 " c% K+ ]) r- O- u3 F9 o2. New Deals Only, No pre-approvals. ( E" E# h4 I0 {3. Switches and transfers are not permitted. 4 d, V4 K9 _# Q q* Z4. 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 1 f6 H& V/ C& F( G. o. @3 z: |6 b( ]
5. Available on both conventional and high ratio (CMHC). : N z4 S( t# T) x+ ?6 s6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 9 Q+ t8 [ |1 o$ ?1 z) \/ O/ z7. Minimum amortization is 15 years.