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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:9 W2 D0 |1 A/ j4 J
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1. Deal must close by August 28th 2009 1 k O* e, ~; c
2. New Deals Only, No pre-approvals. 5 ?" `% u$ e# z+ \& q
3. Switches and transfers are not permitted. , J% [. n, G8 C1 x$ z' }) m
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 2 [6 X" j d0 H$ }
5. Available on both conventional and high ratio (CMHC).
0 Y8 z2 f/ T8 `- j. e' Q6 L3 A6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
& k4 W& \4 N3 O, {( a0 r7. Minimum amortization is 15 years. |
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