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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:6 P9 \; P+ e# U
6 `5 c! I/ H! z; m- a8 u3 }% N+ [1. Deal must close by August 28th 2009
6 U( M3 W5 Y7 f( H& g2 g+ `. n2. New Deals Only, No pre-approvals.
J( q& ~, m4 P* d5 x3. Switches and transfers are not permitted. 8 G" b1 ]/ _, M. [1 S
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
( e( ?0 k+ k; L& {5. Available on both conventional and high ratio (CMHC). + V$ p4 c+ C9 ]# I3 |( T( _
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
8 j6 q4 c0 ^, G8 e: {$ F, [7. Minimum amortization is 15 years. |
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