† Offer available for mortgage loans for first-time home buyers, mortgage loans for new purchase, or mortgage loans that are transferred to CIBC from another financial institution. Mortgage loans must be 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 5-year CIBC Variable Flex Mortgage loan. A personal CIBC chequing account is required to make pre-authorized mortgage payments.
For mortgage loans for first-time home buyers or mortgage loans for new purchase, qualifying clients will receive:
- $3,500 on a mortgage loan amount of $1,000,000 or more;
- $2,500 on a mortgage loan of $750,000 to $999,999;
- $2,000 on a mortgage loan of $500,000 to $749,999;
- $1,000 on a mortgage loan of $300,000 to $499,999;
- $500 on a mortgage loan of $100,000 to $299,999.
Cash back offer not available in combination with other mortgage offers. Other conditions and restrictions apply. Ask us for details. Offer ends October 31, 2024. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
‡ For mortgage loans that are transferred to CIBC from another financial institution, qualifying clients will receive the below cash back, which includes an extra $1,000:
- $4,500 on a mortgage loan amount of $1,000,000 or more;
- $3,500 on a mortgage loan of $750,000 to $999,999;
- $3,000 on a mortgage loan of $500,000 to $749,999;
- $2,000 on a mortgage loan of $300,000 to $499,999;
- $1,500 on a mortgage loan of $100,000 to $299,999.
Cash back will be deposited in the personal CIBC chequing account 6 to 8 weeks after funding.
Cash back offer not available in combination with other mortgage offers. Other conditions and restrictions apply. Ask us for details. Offer ends October 31, 2024. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
1 Rates are subject to change without notice at any time. Other conditions and restrictions apply.
All applicants must meet the CIBC lending criteria. Other conditions and restrictions apply. Products and their features may change at any time. Variable interest rates may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622 Opens your phone app..
2 Special offers apply to new mortgages only. Rates shown for the applicable term are CIBC’s special discounted rates and aren’t posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice.
3 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.
4 Default-insured mortgage.
5 Limited to newcomers to Canada who have been permanent residents of Canada for less than 5 years. Minimum down payment and credit approval required, including acceptable income verification. Other conditions apply.
6 Minimum down payment and credit approval required, including acceptable income verification. Other conditions apply.
7 CIBC Foreign Worker Mortgage is limited to temporary residents with a valid Canadian work permit of 12 months or greater.
8 Non-cumulative and doesn’t apply if you prepay in full.
9 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 CIBC variable rate mortgages changes whenever CIBC Prime changes.
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