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Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:
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. p9 s( b! m5 _$ Z/ D1. Deal must close by August 28th 2009 : s, i( P/ H# r: C7 W: g( i
2. New Deals Only, No pre-approvals.
2 U# B) l; o/ B' C% i! p9 E3. Switches and transfers are not permitted. , m) r1 _ O2 [: ]) r6 [, x
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
0 V- Z; x* u0 G2 D3 }0 C5. Available on both conventional and high ratio (CMHC).
0 X. c& L, m$ F8 Y" B/ M6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
9 p4 h" i: Y$ X8 ~/ B9 {. x7. Minimum amortization is 15 years. |
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