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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:, R. ]( d# w0 D% W* x: ?/ y
' w7 A0 h$ \$ k& [ v# X1. Deal must close by August 28th 2009
( v: ]% t, [9 s8 H" S5 g2. New Deals Only, No pre-approvals.
! L$ N$ h( v7 t8 k, K; d% |: Z3. Switches and transfers are not permitted. 1 K. ]" @! @- ?8 X4 \
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
3 i3 C7 z, j4 ]* J' W# \3 H5. Available on both conventional and high ratio (CMHC). - D5 \7 ]: s5 @) w! D% U
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
' X+ l. c ]4 d- ^1 d7. Minimum amortization is 15 years. |
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