Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients:/ y) ~4 A) z+ q! P! ^3 J
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1. Deal must close by August 28th 2009 / r! {5 I1 f9 e7 t0 J2. New Deals Only, No pre-approvals. 2 x" r1 W: S- _( }% P/ _
3. Switches and transfers are not permitted. % X+ M3 t# ~. a; i
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 e9 j1 C$ z+ Z! g- B
5. Available on both conventional and high ratio (CMHC). 8 d$ I" a' S2 K( C1 [. m T' w+ \6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. 4 t0 Z! ^8 @0 N4 @& |5 T: ?% r
7. Minimum amortization is 15 years.