Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: : S: t: c- N7 k6 G+ A ; C# C; N n: Z( \1. Deal must close by August 28th 2009 ' o [) K7 e( o" \( ~. ?" h
2. New Deals Only, No pre-approvals. 7 u- T0 ~# d# T4 @: s8 k
3. Switches and transfers are not permitted. : B* ~/ b' s4 \2 I# D3 w' l: G
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 4 R1 m) |+ h" _& @2 j0 O5. Available on both conventional and high ratio (CMHC). 3 F5 _8 \" P/ v) S: { w6 T6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. . d. [ C% W/ |4 R# D8 d
7. Minimum amortization is 15 years.