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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:0 ^4 T( L5 l) _* l* |8 R
% r7 `; a. C, i9 l1. Deal must close by August 28th 2009 ( I. v2 g- w0 k7 [! e: q5 C: k
2. New Deals Only, No pre-approvals. . O& p, h* l8 v# N
3. Switches and transfers are not permitted. 8 n8 w: g* ]5 d; 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 u8 C. S, m4 `1 C& b+ G/ f+ G5. Available on both conventional and high ratio (CMHC). |. X& p- f# \" u% E2 i! b1 y
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
- X; h) \: O5 P0 S/ t) q5 S7. Minimum amortization is 15 years. |
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