Renew Your Mortgage

Great for first time homebuyers, the CIBC Better Than Posted Mortgage offers guaranteed reductions on posted rates. You'll be able to:

• Get the security of a fixed interest rate
• Prepay up to 10% of original principal mortgage amount annually
• Your mortgage payments (principal and interest) can be increased up to 100% of the original regular payment amount any time during the term. The extra amount is applied directly to the principal, reducing overall costs

Offering a secure rate for the term of your choice, the CIBC Fixed-Rate Closed Mortgage keeps your payments predictable. You'll be able to:

• Lock in to a competitive interest rate for the term of your mortgage
• Prepay up to 10% of original principal mortgage amount annually
• Your mortgage payment amount (principal and interest) can be increased up to 100% of the original regular payment amount any time during the term. The extra amount is applied directly to the principal, reducing overall costs

For a short term mortgage that offers you the option to convert your rate, the CIBC Convertible Mortgage is the flexible choice. You'll be able to:

• Secure a fixed interest rate for your term
• convert to a closed-term CIBC mortgage without any prepayment costs
• Increase up to 100% of your original regular payment (principal and interest) during the term

For a low rate that will fluctuate based on the CIBC Prime Rate, the CIBC Variable Flex Mortgage also adds the convenience of conversion. You'll be able to:

• Prepay up to 20% of your original mortgage amount annually
• Convert into a fixed rate closed mortgage term of 3 years or more at any time
• Know your interest rate will fluctuate, but could potentially be higher or lower over the term of your mortgage