Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:- W9 V% _* C- _ w+ j1 \( }9 W
0 f$ `/ w* V$ r1 K2 b1. Deal must close by August 28th 2009 . f; l( s# {) D9 l
2. New Deals Only, No pre-approvals. ) P! X; F1 X+ p5 E& E
3. Switches and transfers are not permitted. ; z3 {* B, ]/ H4 s5 V/ \
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 % J J( e) C) w0 a3 J6 {6 _: H
5. Available on both conventional and high ratio (CMHC). % w; j% w. v8 ]9 K1 j8 S
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 3 k# P0 ]9 n# l6 ^$ P7. Minimum amortization is 15 years.