Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ) L9 j9 [( s6 S4 }5 r$ w4 r3 `3 y$ `
1. Deal must close by August 28th 2009 $ [8 n$ N% u3 Z) Z) r- B F2. New Deals Only, No pre-approvals. * l1 W! P3 R2 `! Y6 f3. Switches and transfers are not permitted. 1 M! E9 y0 v# G4. 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 ) U2 H" d y" A
5. Available on both conventional and high ratio (CMHC). 3 J" ^8 U# \, \3 ?
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ! y( N7 _$ a4 U/ c" K) }: B
7. Minimum amortization is 15 years.