Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: T- H# v3 ~4 \- ?+ I) D% C" D : x! [/ x% Y/ ?1. Deal must close by August 28th 2009 ( J. C# g% k1 X/ j3 U" e" E2. New Deals Only, No pre-approvals. % w a5 m2 _' \& s3. Switches and transfers are not permitted. 4 D- K; @, o- @9 G" m( f7 a4. 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 S1 p$ O0 w- G7 M! ^' w9 v2 C5. Available on both conventional and high ratio (CMHC). 1 `; p Z7 \% m! |2 u% f& ~6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. * z' _# Q0 c1 }- V7. Minimum amortization is 15 years.