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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:3 Q2 R0 s1 E0 w5 H
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1. Deal must close by August 28th 2009
% A7 O. p, A* h8 ~ F2. New Deals Only, No pre-approvals. " B# E! t7 j' l- [: s1 R- W
3. Switches and transfers are not permitted.
( Q8 Q# g$ _9 V, u' G/ D7 c4. 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
8 j/ S/ q2 ?( J/ `) }: Z9 v6 P8 U5. Available on both conventional and high ratio (CMHC).
: M0 s5 z |5 W$ O6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
3 K% D& {8 U" U f" d7. Minimum amortization is 15 years. |
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