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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:- B1 z" E' A. k0 y0 I$ o: v
{7 W! G" Q6 x0 M! o1 c1 _6 X1. Deal must close by August 28th 2009 % p0 c, s# ?, J3 t9 U! X% r
2. New Deals Only, No pre-approvals.
2 }+ a5 B% z, U3. Switches and transfers are not permitted.
3 |, Z& Y. H9 d2 U4. 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 j& ?5 e/ ?# b3 h. u$ v9 j0 Z
5. Available on both conventional and high ratio (CMHC).
3 \0 t, T5 f) c' E7 u! @# j6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
4 B; z- M4 S0 v% b: |( @: v7. Minimum amortization is 15 years. |
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