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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:+ O4 z% o2 `7 P* A+ O, ~& n
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1. Deal must close by August 28th 2009 7 f; n) W& Z4 F/ v# A" i
2. New Deals Only, No pre-approvals.
Z# E5 F, i) r* w: \3. Switches and transfers are not permitted. ! S) N# p& x& K& d; x: W5 j6 X
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 % P) L/ j; o$ L8 J
5. Available on both conventional and high ratio (CMHC). 1 v& K- U4 f6 a0 [; j
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
4 |5 L0 X5 i, Z b7. Minimum amortization is 15 years. |
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