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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:8 P0 W3 J: [$ j! o. l' {
2 r1 R2 v$ A4 k1. Deal must close by August 28th 2009 8 l; Y7 x* I* b1 w1 D0 H b% L
2. New Deals Only, No pre-approvals.
+ E% q' R* I, [, D4 N/ d3. Switches and transfers are not permitted. / l9 `" r$ G( G4 o. f0 w8 }
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 9 l9 I7 E4 q5 Q) X7 y% T& X$ Z. Q
5. Available on both conventional and high ratio (CMHC). . k6 ^# N2 y8 j! J5 [, U
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
' E% ^9 @; s# z. @: q4 A7 X5 h7. Minimum amortization is 15 years. |
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