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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:2 ]) D7 s" ], V
# t- b8 F, W1 A, Z& C' f1. Deal must close by August 28th 2009 9 u" s" ^- X- `, ~) ?
2. New Deals Only, No pre-approvals.
' u. @+ @7 S; W3. Switches and transfers are not permitted.
. W9 p0 ~- t$ x+ h% d) g+ a: s! y4. 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 2 t# [- g/ L# V# @* l+ N0 m' Z
5. Available on both conventional and high ratio (CMHC).
/ u; X6 H1 `1 W6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
+ n4 G4 o: g, f% v7 d* ~& l7. Minimum amortization is 15 years. |
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