Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:$ q) }8 C2 N" e
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1. Deal must close by August 28th 2009 1 [. k& j# i2 A: P: ?. ~, K6 Y
2. New Deals Only, No pre-approvals. ; {: [. g: f$ C# W
3. Switches and transfers are not permitted. 5 t0 N# C9 r6 I
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 # M" l% o- @$ I9 m% {; a5 y5. Available on both conventional and high ratio (CMHC). ; u# n' B& ]+ P3 B
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. + e% n& q# q2 @4 ~( z% k T& G7. Minimum amortization is 15 years.