Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:/ \, c0 D6 s) Z# f3 n! ^
5 Z! a4 H- q: U' ~' X, q# t1. Deal must close by August 28th 2009 1 \0 w% ]. Y( G& e2. New Deals Only, No pre-approvals. 7 X6 o5 l- P1 Z; M0 ^5 [5 D3. Switches and transfers are not permitted. 2 p+ F* V1 {) U( Y4. 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 4 [9 B$ M9 Q" _2 W5. Available on both conventional and high ratio (CMHC). " p) s! K+ k! D6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 7 }2 r6 z2 G% K* i7. Minimum amortization is 15 years.