Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ! M0 _$ r" u: y: D6 u- o% w9 c 0 h' S! [ T# n. B! E: g1 o, } H1. Deal must close by August 28th 2009 & o- g( Z% M7 D) f5 T
2. New Deals Only, No pre-approvals. + O) Z: A/ x* c5 D' ?# ]6 P
3. Switches and transfers are not permitted. ' Q; w' w6 W6 r9 g& t" G- R4. 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 . _1 v" ^7 U# s: T' }9 t* _
5. Available on both conventional and high ratio (CMHC). f$ w% B/ e+ D6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 6 s. M9 D+ T, \) ~# v3 G7. Minimum amortization is 15 years.