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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:# t6 \, h4 Y' ], E/ {
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1. Deal must close by August 28th 2009
. @+ t( m" f7 n1 ~$ s6 ?2. New Deals Only, No pre-approvals.
1 p; C. e8 y2 i9 i1 W5 k' P3. Switches and transfers are not permitted. & `! H) l5 T, O
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
# J% ?: r* M0 l6 M$ T5. Available on both conventional and high ratio (CMHC). / ?4 V2 h# O) M; D$ _/ ?1 V
6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
4 O3 g0 Z4 ^1 B3 ?$ b$ [7. Minimum amortization is 15 years. |
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