Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ' L% @; @5 ~' e, n$ Z. n4 w8 z% h. _3 y, Z* P
1. Deal must close by August 28th 2009 / H/ ]5 T4 b+ X( M2 u2. New Deals Only, No pre-approvals. + U/ M; g) L4 {' d
3. Switches and transfers are not permitted. 9 p8 `: N5 t9 U# L7 |' T9 F
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 * j x" c+ {' l1 h6 V9 e; S5. Available on both conventional and high ratio (CMHC). 1 p( F0 X: {7 w6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. " Y9 _; @7 S7 t/ N: S
7. Minimum amortization is 15 years.