Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: - f; }: `) n( @# O/ a6 r 7 S! z7 ^0 w8 y( H2 C% \+ x1. Deal must close by August 28th 2009 & g& O5 G$ X3 ?9 Y
2. New Deals Only, No pre-approvals. 0 c3 H- b# [% d( ?1 {' Z b$ Z$ Y Y* ^3. Switches and transfers are not permitted. ! i5 M9 |; T4 T; f- U: D; V: T% P
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 4 \. [6 F( w$ I5 e. I# m5. Available on both conventional and high ratio (CMHC). 1 h0 F J7 k" g4 n
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. % U4 q6 c4 N% j' _; C/ U+ G. G0 Z
7. Minimum amortization is 15 years.