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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:
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2 E$ g3 P) A/ ~/ K% D. V1. Deal must close by August 28th 2009 " ^) {, @- O; x- U3 H1 J+ v V
2. New Deals Only, No pre-approvals.
) b7 w; M. w; q/ U- w' ~$ _5 o. e3. Switches and transfers are not permitted.
3 b% L) |* w1 F- a4. 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 . }. y- |# h; c p) ]3 e
5. Available on both conventional and high ratio (CMHC).
" V, T% ?/ g" b( `7 Y9 k g3 Q! u3 f6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
; V, X* w( L' G- J8 P4 {7. Minimum amortization is 15 years. |
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