Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: 3 I2 Y& M. O- j l4 o6 C( `8 U . g8 J5 ?5 P0 V# a# @9 m1. Deal must close by August 28th 2009 7 F' N' x" s9 T2. New Deals Only, No pre-approvals. : g- j3 x1 r7 I% E! T3. Switches and transfers are not permitted. / T {" M# r' C# B- a4. 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 # c% Q) N" h( L" w& w: l
5. Available on both conventional and high ratio (CMHC). * t4 N, a" b0 o8 n3 h+ r% V6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. " j4 K, j/ B- K* O) J7. Minimum amortization is 15 years.