18 month Fixed Rate term at the rate of 2.75%

郭森房贷

Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:

1.        Deal must close by August 28th 2009
2.        New Deals Only, No pre-approvals.
! H4 v1 a& k$ m8 y4 l! U3.        Switches and transfers are not permitted.
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
% s6 |# z* b% `( \# F5.        Available on both conventional and high ratio (CMHC).
$ ^: G1 W! L" F# K. i6.        15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
. x- _7 k8 d# ?( i) H7.        Minimum amortization is 15 years.

paul.dbyu

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