Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: / b' X! c: N+ {- w2 @0 U/ j0 W# W" O' U
1. Deal must close by August 28th 2009 ) G4 o; C* x( D8 o9 D
2. New Deals Only, No pre-approvals. 3 k4 t l! M, c- x S
3. Switches and transfers are not permitted. 0 y; D2 J0 |1 o$ V! U$ X4 Y: d* t4. 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 7 q# b; N. }! N
5. Available on both conventional and high ratio (CMHC). 0 v+ H- D5 i1 D. g# ^8 a
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. , y: J2 Q7 F* ]* S) a) V7. Minimum amortization is 15 years.