Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:) }$ Z9 @, z& S$ y; o* V! P8 x
; ~2 W5 W9 R; A* e1. Deal must close by August 28th 2009 9 ]9 o3 I3 _$ Q0 @
2. New Deals Only, No pre-approvals. + u1 [; C: ]/ E( H, b2 B/ m8 ?& {3. Switches and transfers are not permitted. A+ C) N9 I# w; Q8 U8 P& P4. 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 [! d9 M1 t1 Q* y
5. Available on both conventional and high ratio (CMHC). + ~) {9 X i* N6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 0 u0 S" R9 i' Z$ w5 a1 T7. Minimum amortization is 15 years.