Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: & R. r3 h0 h. A4 t4 O$ i: V# W# |8 P# W; F9 R
1. Deal must close by August 28th 2009 8 P5 p7 f6 x5 @8 z4 y2. New Deals Only, No pre-approvals. 0 t% F- r* u" G9 A$ H( F" ~1 a: {
3. Switches and transfers are not permitted. ; \6 y: M* {3 V- H8 }. 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 3 _2 K) ?& ?9 \$ f& P: |5. Available on both conventional and high ratio (CMHC). 5 Q- l+ `7 _. Z6 L1 f1 j6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. - e' V! r2 {' u5 {1 T- D5 Y7. Minimum amortization is 15 years.