Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:2 s `( s0 z+ `) j ^: d
( ` t0 p1 s) k) | \1. Deal must close by August 28th 2009 ; y, P; F* x/ x6 M+ T2. New Deals Only, No pre-approvals. & P3 d) Z9 ^" c+ a7 y! r# l2 }7 X
3. Switches and transfers are not permitted. c; q1 C: T, o7 n4. 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 $ I6 S/ B# M9 q$ w
5. Available on both conventional and high ratio (CMHC). 4 Q8 w+ L" T4 @3 g9 H6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( Z9 I5 L8 P3 P. N2 z
7. Minimum amortization is 15 years.