† Offer available for mortgage loans for first-time home buyers, mortgage loans for new purchase, mortgage loans for transferred in to CIBC from another financial institution, and funded within 120 days of application date.
Mortgage loan must have a principal amount of $100,000 or more, and be either a CIBC Fixed-Rate Closed Mortgage loan with a term of 3 years or more or a CIBC Variable Flex Mortgage loan, and mortgage must fund within 120 days of application date. You must have a personal CIBC chequing account, and pre-authorized mortgage payments must come from a CIBC account. Qualifying clients will receive $3,000 on a mortgage loan amount of $750,000 or more, $2,000 on a mortgage loan of $500,000-749,999, $1,200 on a mortgage loan of $300,000-$499,999, or $1,000 on a mortgage loan of $100,000-$299,999. Cash back will be deposited in the personal CIBC chequing account 6-8 weeks after funding.
Other conditions and restrictions apply. Ask us for details. Offer ends June 30, 2020. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
If you have an eligible high ratio mortgage, you may also qualify for a special low rate. Talk to us to find out how.
The Annual Percentage Rate (APR) is based on a new $275,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $300.
APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.