Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:; c% B1 e) U2 }' M
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1. Deal must close by August 28th 2009 " n; `: P, \0 _' \- Y) W
2. New Deals Only, No pre-approvals. + ]0 L7 H' F& e3 b4 s% \* T3. Switches and transfers are not permitted. $ ^7 O2 J8 Z" z: u
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 & r$ ^/ K% ]' S# Z% l; q! ^
5. Available on both conventional and high ratio (CMHC). ; I+ k6 s+ ?! H/ Z6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ) Q3 |1 Z8 P# y7. Minimum amortization is 15 years.