Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: / J8 W& u* c/ {5 u Y' A- ~ & S9 c$ ]+ B3 c4 P4 H1. Deal must close by August 28th 2009 1 Q. }) w" E. a5 e# L# a
2. New Deals Only, No pre-approvals. ) x/ g2 b( U: |8 @0 `* F5 @
3. Switches and transfers are not permitted. 3 @. B" z+ P# g, { I
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 - p0 M4 E7 w' d7 ^! Y
5. Available on both conventional and high ratio (CMHC). ! W6 m% _+ ^, L6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. * `. E9 [# }' V: O4 S
7. Minimum amortization is 15 years.