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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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1. Deal must close by August 28th 2009
1 ]; ~0 S. H: s. W( i% `, J& g1 Q% ?2. New Deals Only, No pre-approvals.
, k% V+ h6 i4 r4 D& ?+ a3. Switches and transfers are not permitted.
3 A1 n1 `* b7 z2 r" M( @' `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
# r! g5 ^) U+ j$ J w& a- v5. Available on both conventional and high ratio (CMHC). 0 Z/ u, {8 H0 E. W8 p, Q2 S
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
9 i7 u/ J& F) {( h7. Minimum amortization is 15 years. |
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