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:

1.        Deal must close by August 28th 2009
: W8 h% _. p9 E& z* v2.        New Deals Only, No pre-approvals.
/ b. L" x; @" }" M, Y. B3.        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
5 c" Q* }0 a: _& j; q5.        Available on both conventional and high ratio (CMHC).
4 _" O0 W9 w% o- l6.        15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
7.        Minimum amortization is 15 years.

paul.dbyu

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