Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:! J7 U& p8 X9 T X" S' e, [+ d
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1. Deal must close by August 28th 2009 " p$ f n& \& D8 j
2. New Deals Only, No pre-approvals. + d8 X$ P. {# w3. Switches and transfers are not permitted. ) U. _. _8 S: v' [9 V+ Q/ N
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 . k( n) j% }) E5. Available on both conventional and high ratio (CMHC). / j) o1 ?! @! v# u1 N: d4 U% y6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 2 j- r- D6 x. J8 ?2 G$ x! ~ u% b' z7. Minimum amortization is 15 years.