Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: " l5 O9 r( v& H4 C+ |$ [. Y) Z$ h1 V, T: B/ v) `/ }) m! W( S e \
1. Deal must close by August 28th 2009 5 _ }+ y! Q6 C0 K* S
2. New Deals Only, No pre-approvals. `3 t$ K1 x$ p8 ?3. Switches and transfers are not permitted. & l+ R3 T( g8 N4. 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 / R* }$ J! O4 ?$ h5. Available on both conventional and high ratio (CMHC). % l2 \/ }0 X* x; q7 D+ Z v/ ]6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( W3 ^/ G/ c2 w# r7. Minimum amortization is 15 years.