Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: 6 A8 L) t) a7 v3 ~9 ^# L/ @6 g3 a* }# w' l; p
1. Deal must close by August 28th 2009 # A( D' m+ r) T* o2. New Deals Only, No pre-approvals. ! I; V* z/ h9 W3 N( h1 N. k
3. Switches and transfers are not permitted. 6 x9 m8 v( k! q0 W* v0 Q8 ^+ }
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 8 V. k6 \, ^- Y& p. R5. Available on both conventional and high ratio (CMHC). 0 _' P' P9 \. o5 F( i% I' X6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 2 i/ k* _8 R/ H9 |# T: L9 j
7. Minimum amortization is 15 years.