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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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1. Deal must close by August 28th 2009
; x* B0 w9 ]9 ~$ Q" g/ f2. New Deals Only, No pre-approvals. ; S& r+ A8 A+ f! O" p# x
3. Switches and transfers are not permitted.
2 F' I6 @, s; p- Z4 A6 B6 }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
, q9 ~1 b% i3 T U5 e$ v1 \" v5. Available on both conventional and high ratio (CMHC).
- \9 `* M Y1 w' ^3 @ {' s5 Z( R6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
- k3 B+ C7 S$ ]& {7. Minimum amortization is 15 years. |
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