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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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- G5 ?$ L$ p4 d6 J$ `, [: Z1. Deal must close by August 28th 2009
2 i! g9 R2 ]+ \4 Z) u- `2. New Deals Only, No pre-approvals.
; \% w% }! {% K3. Switches and transfers are not permitted.
$ w1 M8 K5 V9 i8 {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
2 w1 _2 R( V, ^5 s. B) j0 Y! ?6 i5 @5. Available on both conventional and high ratio (CMHC). ! _+ z' g" G1 l, p" {; n8 ]1 q& o
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( d( X3 L0 N$ X( Z
7. Minimum amortization is 15 years. |
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