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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:: I# O0 b5 I7 g
4 L9 C- }# Y, t+ o4 X1. Deal must close by August 28th 2009 @9 {0 @' v- ]3 ]1 x
2. New Deals Only, No pre-approvals. & ] |* u, m- w# E' s q; O$ `1 N: Q. n
3. Switches and transfers are not permitted. ( ~. @8 t: H' Y( l, K
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
6 A2 e& }) d6 f3 w$ e- r5. Available on both conventional and high ratio (CMHC).
6 b: Q! ^/ y0 v/ `0 }* M9 T$ s6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
5 j4 Q$ v8 f$ ~4 T6 A2 I4 K7. Minimum amortization is 15 years. |
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