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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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& F' l9 i' `9 t1. Deal must close by August 28th 2009 ' A$ f" e, e7 _' W% l, H
2. New Deals Only, No pre-approvals.
1 y$ m8 P6 ?9 ]6 \7 ~1 N3. Switches and transfers are not permitted. , X; X( Y3 v: o) d$ w0 l
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
# `" v; ^. {9 i# A8 k3 B( B' J P0 K5. Available on both conventional and high ratio (CMHC).
l6 C: M3 e; Y2 \6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. : R2 K9 Q" i' Y
7. Minimum amortization is 15 years. |
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