Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: : D$ w9 a2 t: o7 ] t5 S) A: h5 c1. Deal must close by August 28th 2009 ! @2 N& _' y+ J5 p8 h0 n
2. New Deals Only, No pre-approvals. + q! ~; @$ ?- {6 u6 s; r3. Switches and transfers are not permitted. 6 z" I) z5 x& m& K! C) e. y
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 h i& v; F+ Y6 q4 y; y+ {3 u5. Available on both conventional and high ratio (CMHC). 7 y1 B& i1 f9 a* q9 t
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 0 S8 E% h1 {/ I- Z
7. Minimum amortization is 15 years.