Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:8 ^% `+ u! w" \6 f& g
8 C: @4 H+ X" _0 N6 J4 E: v* l, Z/ T1. Deal must close by August 28th 2009 2 }1 g$ ]/ u8 e* I/ A$ D9 v2. New Deals Only, No pre-approvals. 8 L( b/ v/ z* `
3. Switches and transfers are not permitted. : v7 O7 U3 ~- L: K3 W4. 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 & D: E9 W. X% c' D/ b) q: I5. Available on both conventional and high ratio (CMHC). 7 r) @) r7 o4 m$ Q6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 9 h% l; `) o. E! N: F) f7. Minimum amortization is 15 years.