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Understanding Mortgages

If this is your first mortgage, it's understandable if you find the differences between the variety of mortgage options available to be a little confusing. Here are some quick mortgage basics.

Mortgage Type:
Closed
0
Open
0
Convertible
Rate Type: Fixed
0
Variable



Now that you have an idea of the different types of mortgages, check out CIBC's mortgage products to see which one best meets your needs. Whatever mortgage you choose, mortgage life insurance may help provide peace of mind. For more help in understanding mortgages, contact a CIBC Mortgage Representative at 1-866-525-8622.



The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.