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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 9 a* U! E8 K. c
2. New Deals Only, No pre-approvals.
! i, ~! ^6 N7 X4 ^) { Z6 O3. Switches and transfers are not permitted.
' N# T) z: s8 @8 I) i4. 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
$ m* y* R) v+ A" D5. Available on both conventional and high ratio (CMHC).
4 R# \& Q: }4 B, ?1 t/ j1 W6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. * I( r8 P- F" u! @9 D
7. Minimum amortization is 15 years. |
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