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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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! o' b( s# L# |1. Deal must close by August 28th 2009 6 A& M% ]' x* R- G8 a
2. New Deals Only, No pre-approvals. ! K3 Y0 t1 S; C$ @0 @" v+ F
3. Switches and transfers are not permitted. ( B( Q/ p4 N3 _- K: D
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 7 _4 K6 [7 v7 s8 b( n, p
5. Available on both conventional and high ratio (CMHC).
6 |# _; i: i0 t6 k6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 2 k- Q) j8 i* v, Z2 [9 I0 _8 H
7. Minimum amortization is 15 years. |
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