Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ! f5 \% O& h C* s2 o! Y5 P& o! y4 ^8 X& Y, g2 s6 \. [* F( f
1. Deal must close by August 28th 2009 + S% R/ C6 l( Q5 w
2. New Deals Only, No pre-approvals. $ H6 \; z% g3 _6 _9 r( L3. Switches and transfers are not permitted. 4 p N: g9 P+ L5 k7 A4 J
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 ) T- p( ^. r2 P/ r$ I7 C
5. Available on both conventional and high ratio (CMHC). ) B* x$ @1 e2 U6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. ( J. ?% w+ @. z( D' {$ S# T
7. Minimum amortization is 15 years.