Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:2 z" a/ `1 x3 ~; k2 M P* a7 j
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1. Deal must close by August 28th 2009 b) ]9 g1 B4 L+ R2. New Deals Only, No pre-approvals. 7 L" l! N( K# S3. Switches and transfers are not permitted. ( D' q/ w& E. G4. 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 5 Z! {4 t8 `) |8 d9 f& C5. Available on both conventional and high ratio (CMHC). * L$ R* V4 g1 C+ V; s6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ; |. a ?; A2 G. {" B" {# `
7. Minimum amortization is 15 years.