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:

$ y& F! n# [4 R* \5 k1.        Deal must close by August 28th 2009
2.        New Deals Only, No pre-approvals.
& V6 _( }5 v- C1 \3.        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
6 c$ R% y5 O9 V' }8 L4 J/ {5.        Available on both conventional and high ratio (CMHC).
6.        15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
/ f' {! Z) B+ ]7.        Minimum amortization is 15 years.

paul.dbyu

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