Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:+ z2 H3 {; A( e0 h, S
8 c& p4 h5 S/ J7 W6 K
1. Deal must close by August 28th 2009 2 K1 X* ]; Q1 [# y' m9 E6 \3 O( P
2. New Deals Only, No pre-approvals. ! Q0 ?. |+ O/ A. F3. Switches and transfers are not permitted. 5 L! X( H% @5 w' b5 B6 Y& @
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 0 [0 \% I# u/ C- O; e/ `
5. Available on both conventional and high ratio (CMHC). + N9 ?0 o5 [; d& H+ L" y' ]6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. + j8 }4 h' ?' [7 r& G5 y5 D7. Minimum amortization is 15 years.