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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:1 _+ q' [) o4 ?3 c0 _& [
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1. Deal must close by August 28th 2009 $ }4 e! D4 x; b& @/ ]
2. New Deals Only, No pre-approvals. - w, X: W3 w5 u% O! q3 R: }
3. Switches and transfers are not permitted. + s" U; t5 _% z q# |& g
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 % a' v, j( g; t' f: U
5. Available on both conventional and high ratio (CMHC).
! Q, I7 b p7 n5 ~/ h* K6. 15bp premium would be added to the rate where applicable for Rental properties or BFS applicants.
& ^" \& @4 M+ C7 O7. Minimum amortization is 15 years. |
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