18 month Fixed Rate term at the rate of 2.75%

郭森房贷

Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:

1.        Deal must close by August 28th 2009
' x( L1 j, H! a4 f* `6 u+ t2.        New Deals Only, No pre-approvals.
* L! }4 e* |! b3.        Switches and transfers are not permitted.
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
5.        Available on both conventional and high ratio (CMHC).
9 U# b4 y# u: ?, T  d4 p) Z6.        15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
$ \" v" m* F! f2 d2 `7.        Minimum amortization is 15 years.

paul.dbyu

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