Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:# b9 P0 x8 b: c0 ?
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1. Deal must close by August 28th 2009 0 w0 `5 P* k* ~( G' H. \( A1 c1 h2. New Deals Only, No pre-approvals. 5 [8 v' D9 T7 E
3. Switches and transfers are not permitted. " U' o: \7 h8 R9 B4 V4 R4. 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 & a; z% `/ B& n* |# w! Y
5. Available on both conventional and high ratio (CMHC). / g Y9 Q1 t' ^. D7 ?6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. $ X2 I& R) p+ ]1 X+ m7. Minimum amortization is 15 years.