Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ) f* q& t% m2 E5 ^/ C + E0 G7 A+ q( K& p. h2 ^' l1. Deal must close by August 28th 2009 $ l z9 N z' n/ C' J2. New Deals Only, No pre-approvals. " f0 b8 f1 r8 |8 t& a C0 n A
3. Switches and transfers are not permitted. ' c2 u% @- J( v; s C X: p
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 / a) Z: ]7 n, v& q _5. Available on both conventional and high ratio (CMHC). 9 e" N- Y9 Z* @ U( `0 x6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ' a& y0 x8 n0 v9 n. s
7. Minimum amortization is 15 years.