Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:' ^ T3 A. y4 i1 M' U
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1. Deal must close by August 28th 2009 " X j1 [$ v4 |- m N( c2. New Deals Only, No pre-approvals. 7 z) L* T1 `9 m0 x/ r5 ?3 }
3. Switches and transfers are not permitted. / ~2 z- ~) o# w; G$ ~2 ]: O: k
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 . I2 A( Q" l; A# Q8 f* L- |2 ]5. Available on both conventional and high ratio (CMHC). , d& Y6 h. n/ ~( i
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 9 a1 V. P# e; H' i4 z
7. Minimum amortization is 15 years.