Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: W" J* f% A) G( z' C/ B' L ! I5 ^+ c1 `& S: k% N' M8 E. I1. Deal must close by August 28th 2009 / Y( w2 h$ V2 e& n2. New Deals Only, No pre-approvals. : w( y" ]) E' z: a% K
3. Switches and transfers are not permitted. 1 I6 ?1 W3 ]$ ^2 D; b4. 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 1 G" v; |2 F# t# [/ u
5. Available on both conventional and high ratio (CMHC). + i+ o5 O( m J2 [# @
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 8 [2 q) A# T" I
7. Minimum amortization is 15 years.