18 month Fixed Rate term at the rate of 2.75%

郭森房贷

Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:

1.        Deal must close by August 28th 2009
2.        New Deals Only, No pre-approvals.
" d' N+ q& E5 ~( K  |3.        Switches and transfers are not permitted.
" p5 a" I5 G: o# n8 E% z4.        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
0 e1 i1 w" r; u. ?, e5.        Available on both conventional and high ratio (CMHC).
6 [5 g. w4 \4 }# N6.        15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
4 e( \1 O0 k( u2 Z# M2 w7.        Minimum amortization is 15 years.

paul.dbyu

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