Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ! B5 ^) Z: ^# b3 b% r 6 K! L& {! T" W: |1 c X1 ^1. Deal must close by August 28th 2009 9 o' d. k3 e4 s& [; @6 a( J2. New Deals Only, No pre-approvals. t' I4 Y$ ~% L1 M$ X: `. c
3. Switches and transfers are not permitted. ; A2 k8 e7 B" b
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 $ O9 K- X) C7 t. n" }
5. Available on both conventional and high ratio (CMHC). L; d3 Z7 |2 [9 `6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. % ~( `/ |5 D1 E/ n+ |( S& p5 i" r0 ]7. Minimum amortization is 15 years.