Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: & c1 J8 ?$ M/ \0 T4 z- ^5 P; ]8 s+ N7 N) t2 G7 v4 ?
1. Deal must close by August 28th 2009 : j' d( j8 V1 ]* c. e
2. New Deals Only, No pre-approvals. 1 U7 @! }9 E2 b2 N+ i
3. Switches and transfers are not permitted. ' V0 a" w: A" t% N |) I% P4. 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 7 _7 x6 ^: z* f. J5. Available on both conventional and high ratio (CMHC). 2 ^3 _) A. v% c
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ' f9 y1 Z4 M) `, M7. Minimum amortization is 15 years.