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
2.        New Deals Only, No pre-approvals.
3.        Switches and transfers are not permitted.
1 Q" n, I2 j9 b" G4.        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.        Available on both conventional and high ratio (CMHC).
' Q* P6 n& v4 {8 P# K2 ?6.        15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
$ q' p+ X5 J& ~+ ^' I4 r  \7.        Minimum amortization is 15 years.

paul.dbyu

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