Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: 7 w( Z4 r( i" z, P: V S& T) w: q9 n& |2 e# C3 S1 v* R1 {
1. Deal must close by August 28th 2009 0 {6 K( h# I1 r( Z2. New Deals Only, No pre-approvals. $ }$ P8 g2 F: P6 Y: u3 l% `3. Switches and transfers are not permitted. " h. y! L! E1 t6 G' l) p4. 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 * B8 l. v+ m. j" T1 j% B9 K
5. Available on both conventional and high ratio (CMHC). - B( a) H+ E' E! H" x1 y6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. . S7 |5 W" D% D" F1 S7. Minimum amortization is 15 years.