Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:7 J" @* m, ~/ k/ y
9 C4 H4 [( E2 S& y1. Deal must close by August 28th 2009 & ?( |3 J- G' {" |/ W2. New Deals Only, No pre-approvals. % e, S4 ]+ Z9 K& i
3. Switches and transfers are not permitted. % m! c1 t4 k& q3 T$ Z
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+ H; l' T) g/ |
5. Available on both conventional and high ratio (CMHC). 9 i3 v9 r7 l7 ?1 t
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 3 P0 n+ u1 n- j% S# B
7. Minimum amortization is 15 years.