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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 , z7 M2 W. T# ]5 ]% |
2. New Deals Only, No pre-approvals.
2 }# } k# }! i, I2 J3. Switches and transfers are not permitted.
% q2 M0 e: I4 C/ Y0 V3 Y d; E+ U9 n8 d4. 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
: i {) L' i& f3 x ~6 l# L5. Available on both conventional and high ratio (CMHC). 2 H9 U5 o$ Z. E u; B6 {
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
9 p8 j3 r9 z4 R7. Minimum amortization is 15 years. |
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