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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:+ M% G0 @7 p5 {
' t9 @5 u) d5 @* O5 r' e1. Deal must close by August 28th 2009 / E8 L" ]5 T' }0 E
2. New Deals Only, No pre-approvals.
4 D2 P \: G/ u% j. _9 m. Z& ^# Z3. Switches and transfers are not permitted.
+ {: H# y4 D, v4 x5 R4. 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
; `. v8 ?3 g Z; M" V5. Available on both conventional and high ratio (CMHC).
: r6 g6 I( `5 n9 Y, T6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 3 U( L. S& m, D" U7 o
7. Minimum amortization is 15 years. |
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