* Ongoing rate for the balance of the 4-year mortgage term is RDS%rate.BPOCM.Published(4_null_null_Years_T,null,15,null)(#O2#)% as of April 6, 2017. For current mortgage rates, please visit cibc.com/mortgagerates. APR of RDS%rate.BPOCM.Published(4_null_null_Years_T,null,2,null)(#R#)% is calculated based on an introductory rate of 1.50% for 9 months on a $275,000 mortgage, an ongoing rate of RDS%rate.BPOCM.Published(4_null_null_Years_T,null,15,null)(#O2#)% and a 25-year amortization, assuming a property valuation fee of $250. Mortgage application must be submitted by June 30, 2017; mortgage must fund within 120 days of application date. Available only on mortgages of $10,000 or more, subject to credit approval. Other conditions apply; ask for details. CIBC may change or cancel this offer at any time without notice.
1 Special offers apply only to new mortgages of owner-occupied properties with an amortization of 25 years or less. 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 $250. Rates shown for the applicable term are CIBC’s special discounted rates and are not posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice.
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.
i RDS%rate.FRCM.Published(3_null_null_Years_T,null,2,null)(#O2#)% APR
ii RDS%rate.FRCM.Published(7_null_null_Years_T,null,2,null)(#O2#)% APR
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