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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:& B3 O5 F! N/ q. x' T: B7 x( P6 f- `
" Q3 F0 d- W& [1 t; [0 t1 Q K+ Y1. Deal must close by August 28th 2009 ! b2 q* s& M+ [5 C
2. New Deals Only, No pre-approvals. " J9 H+ a" U8 E4 H
3. Switches and transfers are not permitted. 2 p, \+ L2 b) w/ f4 q
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 . P! M+ A1 |- v# B. F
5. Available on both conventional and high ratio (CMHC).
" A, E1 A9 R, X7 ?7 u' ~% S$ v6 ?# D6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( ~: B7 L+ d# X' C' [# R, C( }
7. Minimum amortization is 15 years. |
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