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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:- i( D- I+ i" y
4 F! |2 ]% z) K; o. q- D1. Deal must close by August 28th 2009
* A1 O5 u: B9 ]6 `2 R7 v2. New Deals Only, No pre-approvals.
4 X; u: I7 j1 [$ P8 b" ?0 u3. Switches and transfers are not permitted.
; E; ], W }- g2 M4. 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
?" G& f- [( a: g g5. Available on both conventional and high ratio (CMHC).
. E, z: s9 T, }' N) h w6 ?6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
5 V" t, ]$ f/ e( @1 ?4 ]7. Minimum amortization is 15 years. |
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