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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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* n8 v/ ~$ \: g; i' V0 ^1. Deal must close by August 28th 2009 + K; [' |) K. [, \' ]1 {1 I3 N
2. New Deals Only, No pre-approvals. % E8 g1 k$ m3 C) a) @% Q+ Z0 L& P7 g
3. Switches and transfers are not permitted.
: j& \2 `1 _, t9 c9 F" E4. 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 ; V' N* p4 U7 j: P4 V6 D
5. Available on both conventional and high ratio (CMHC).
. E- Z& m4 E _ ]6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
u4 ?. k' [) ?. j7. Minimum amortization is 15 years. |
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