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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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E+ V* V! E" x5 a1. Deal must close by August 28th 2009 6 K7 [, [0 Z- _) ^
2. New Deals Only, No pre-approvals.
/ Z$ {9 U! n" `3 t- S- h7 ~4 V3. Switches and transfers are not permitted. 9 o+ Z: }& _) l4 W- p1 ]
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 ' h( N4 q- U8 U9 O0 K" B0 @! R
5. Available on both conventional and high ratio (CMHC). ( w6 m4 ~& w: s6 A% H
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
1 M; | J! V( k1 |; L* Q, H/ D7. Minimum amortization is 15 years. |
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