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Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:
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5 n$ d3 ^! l9 ]6 g4 D1. Deal must close by August 28th 2009
% N5 V7 L" m+ S. H2 i- k) z2. New Deals Only, No pre-approvals. 7 S/ H3 i4 w, P% ~7 P: ]- h! P% S
3. Switches and transfers are not permitted.
# X) F( c7 [ j& _* W! i! ^3 `7 c4. 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
& M; E6 r# T E* L `5. Available on both conventional and high ratio (CMHC). : P# \5 w. G# S% w. e" J! u, n
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. / s2 x, `) I6 c9 j& r9 W% n" v9 _
7. Minimum amortization is 15 years. |
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