Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: 2 P/ ?$ \% v% t" ?7 e. O 2 z/ j: \1 n6 e# ]/ t$ v1. Deal must close by August 28th 2009 6 D8 b$ Z" j% O" @3 z, I2. New Deals Only, No pre-approvals. + ^8 v! w( R0 D X8 f3. Switches and transfers are not permitted. a" C6 Y0 ~8 O
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 " H0 c$ G; o1 L5. Available on both conventional and high ratio (CMHC). ; R ~7 l9 ], h. ^0 N2 |8 p$ \. x6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. % o8 I( M6 M$ r6 _) l5 F7. Minimum amortization is 15 years.