Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:* A% N- ]3 q3 C1 e9 ^9 _
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1. Deal must close by August 28th 2009 : F0 ^' O w) W9 N
2. New Deals Only, No pre-approvals. . k x6 H3 _6 h2 N6 J
3. Switches and transfers are not permitted. : A$ e/ R8 [' q# e
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 ) A3 r. r5 N0 a6 F( { f
5. Available on both conventional and high ratio (CMHC). 8 M* p6 p/ v. A" a6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. : ~* P# }4 f; G; K: a7 U. }: d7. Minimum amortization is 15 years.