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Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:
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1. Deal must close by August 28th 2009
: E' l+ ^* o4 g6 h9 c. k# j$ k2. New Deals Only, No pre-approvals.
- ?2 B$ P$ L1 V# R0 ~3. Switches and transfers are not permitted. 7 F4 x9 K0 C% @& D1 T- k( g" D
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 " T/ J% Q( W7 \1 A3 |* F, n; L
5. Available on both conventional and high ratio (CMHC). J' P) |2 Y) u2 \2 o8 Z- K
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
" Y# z- M* ]$ z* y, \6 I7. Minimum amortization is 15 years. |
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