CIBC Fixed-Rate Open Mortgage

Get the security of a fixed interest rate and the flexibility to pay off as much of your mortgage as you want, when you want.

Terms: 6 month or 1 year open

Interest rate: As low as RDS%rate[5].FOM.rate(1_null_null_Year_T,null,1,null)(#O2#)%

Get pre-approved All rates

Apply online, find a branch, or call 1-866-525-8622

This mortgage is for you if you want:

To avoid locking in for the long term in case interest rates come down
The flexibility to make large lump sum payments on any regular payment date or pay off your mortgage entirely at any time
An increase in your payment amount (principal and interest) of up to 100% at anytime during the term, with the extra payment amount being applied directly to the principal, reducing overall costs
To sell your property soon
The security of knowing the exact amount of your mortgage payments

Other mortgage details:

Payment frequency options of weekly, bi-weekly, semi-monthly or monthly
Minimum mortgage amount is $10,000

Mortgage Disability Insurance

In the event that you are completely unable to work due to an unexpected disability, help protect your family's home with CIBC Mortgage Disability Insurance⁺ provided by The Canada Life Assurance Company (Canada Life).

Learn moreabout Mortgage Disability Insurance

Mortgage Disability Insurance Plus (includes job loss coverage)

In the event that you are completely unable to work due to an unexpected disability or you involuntarily lose your job through no fault of your own, help protect your family's home with CIBC Mortgage Disability Insurance Plus⁺ provided by The Canada Life Assurance Company (Canada Life).

Learn moreabout Mortgage Disability Insurance Plus

Mortgage Life Insurance

In the event of death, help protect your family's home with Creditor Life Insurance for CIBC Mortgages⁺ provided by The Canada Life Assurance Company (Canada Life).

Learn moreabout Mortgage Life Insurance

Tools and advice

Let's get started

Apply online

Call us: 1-866-525-8622

Find a Mobile mortgage advisor

Find a branch

Meet with us

Fixed Rate Mortgages