Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: . K) u: Y7 S2 [( o: m ( f @7 t- d/ l1. Deal must close by August 28th 2009 ; ~, \7 k8 X. u2 w- C/ C
2. New Deals Only, No pre-approvals. % S4 d/ k+ p, y3. Switches and transfers are not permitted. " p; p K. _8 |0 {& F# X1 y( w
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 ( Q% D+ a' [3 K% P5. Available on both conventional and high ratio (CMHC). % ]% M$ s C. ]) t+ w' {# S$ U
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 0 Z8 a8 v' |( Q2 C9 U0 v5 m+ H) |7. Minimum amortization is 15 years.