Today MERIX is launching an 18 month Fixed Rate term at the rate of 2.75% for you to offer your clients: ; y, [# i/ R# m; l9 t" u; D # \8 B0 }* V; X- ?1. Deal must close by August 28th 2009 ; |" W4 v0 D; |6 _
2. New Deals Only, No pre-approvals. * M. Y5 k- i- a7 Q3. Switches and transfers are not permitted. , W" R2 l% j# J- e! ?( S4. 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 n0 Y) A- K) u- p1 \5. Available on both conventional and high ratio (CMHC). ' y+ c0 | ~/ g& J3 H# T. b6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants. : ~1 _" k0 b- [2 u# D+ N7. Minimum amortization is 15 years.