Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:! X& \. M8 w/ _# }' I. |# [
4 h* i; I' N$ D$ M8 ~1. Deal must close by August 28th 2009 $ F+ e* @, S/ A0 j7 M" `9 I0 |5 q
2. New Deals Only, No pre-approvals. 1 L$ h+ f( N5 i3 ?
3. Switches and transfers are not permitted. 9 b9 }! P2 S: ^; O1 e: g
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 4 t3 x9 o! n3 A0 T
5. Available on both conventional and high ratio (CMHC). 9 h$ z2 y: C& P! m
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. . N) G1 D# X# P7. Minimum amortization is 15 years.