Mortgages are offered by CIBC Mortgages Inc. on residential properties only. Mortgage applicants must meet CIBC lending criteria. Some conditions and restrictions apply.
Products and their features may change at any time. This is a general description only. For more information call 1-866-525-8622 Opens your phone app..
Rates may change without notice.
1 Mortgage payments may change if the mortgage amortization exceeds 40 years. Review your mortgage agreement for more details.
2 CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your CIBC Variable-Rate Open Mortgage will change whenever CIBC Prime varies.
3 In the context of creditor insurance content on this webpage, "mortgage" means a loan (excluding lines of credit) that is either secured by a charge registered against residential real/immovable property or is unsecured and in respect of a residential property on reserve land, treaty land or Aboriginal title land.
+ Life Insurance, Critical Illness Insurance, Disability Insurance Plus and Disability Insurance for CIBC Mortgage Loans are optional creditor's group insurance plans underwritten by The Canada Life Assurance Company (Canada Life) and administered by Canada Life and CIBC. CIBC receives fees from Canada Life for providing services to Canada Life regarding this insurance. Also, the risk under the group insurance policy may be reinsured, in whole or in part, to a reinsurer affiliated with CIBC. The reinsurer earns reinsurance income under this arrangement. Representatives promoting this insurance on behalf of CIBC may receive compensation. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid). For the complete terms and conditions, review the sample Certificate of Insurance (PDF, 285 KB) Opens a new window.. You can also contact Canada Life at 1-800-387-4495 Opens your phone app.. Or you can visit canadalife.com Opens a new window.. The information in these pages is general only. Products and their features may change at any time. In case of discrepancy between the information and examples provided on these pages and your Certificate of Insurance, your Certificate of Insurance prevails.
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