Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:' ^& M% s) U5 k' {( v/ Q
9 R9 T6 ^. i# _1. Deal must close by August 28th 2009 - t' ?6 N7 c4 y% M- O6 D$ n2. New Deals Only, No pre-approvals. . ^ r' O/ ]' P$ D& ~2 p3. Switches and transfers are not permitted. ! O) h7 V. V$ T1 L4. 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 - Q0 i' B3 N- {" \, u# t5. Available on both conventional and high ratio (CMHC). 9 q% i' @0 z5 ~ ?+ j
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. . l8 h3 s$ C5 R4 V* e1 F7. Minimum amortization is 15 years.