Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:: E. c( O8 G9 u' ~- _; ^. j6 v
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1. Deal must close by August 28th 2009 7 F6 {7 c$ i% ]. d' Z2. New Deals Only, No pre-approvals. ! g0 h: C8 j0 `" H7 U6 m
3. Switches and transfers are not permitted. + K/ n1 q# w1 P& g, Z. M# z8 ~
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 ; S7 v4 I, y# `3 J- L! Q
5. Available on both conventional and high ratio (CMHC). 5 f% H) R$ E: T; J. P6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ) C' \7 e" H- Q9 `/ H" p7. Minimum amortization is 15 years.