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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:
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' ~' u7 N3 N+ Z, P1 I% p1. Deal must close by August 28th 2009
3 |2 X8 o* \/ t C; V2. New Deals Only, No pre-approvals.
6 ^" R* v8 n7 |+ F3. Switches and transfers are not permitted.
0 t+ a, R/ s ?- g6 c$ e0 C% Z4. 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
, L& [! e, ?; G1 q- D# x0 X) D$ l" ]5. Available on both conventional and high ratio (CMHC). * u. ]+ c" l! v ?- b
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
% N: `: ~4 V3 e- J6 m7. Minimum amortization is 15 years. |
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