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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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1. Deal must close by August 28th 2009 # n: P& x- r7 Z* O2 H* ^
2. New Deals Only, No pre-approvals. * Y6 s+ ? k4 t1 t9 O& r7 l& a
3. Switches and transfers are not permitted. + a8 U, W5 D8 \
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
" @4 a H2 k, U! ^+ h5. Available on both conventional and high ratio (CMHC).
1 A9 V3 ^- g# t4 f' |% V4 e6 p6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
, E0 _$ V Q0 d/ R9 K0 H. l2 S7. Minimum amortization is 15 years. |
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