* Offer open to eligible first-time homebuyers on mortgages of $100,000 or more with a term of 3 years or longer on a CIBC Fixed-Rate Closed Mortgage. Application must be submitted by February 28, 2017, and must fund within 120 days of application. At funding, you must have a CIBC chequing account and CIBC savings account; scheduled mortgage payments must come from your personal CIBC chequing account. Qualifying clients will receive the $500 cash offer in their personal CIBC chequing account 6-8 weeks after closing, and if applicable, your $250 property valuation fee will be waived. Other conditions and restrictions apply. Ask us for details. Offer ends February 28, 2017. Offer subject to credit approval and may be changed or withdrawn at any time.
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 Offer may be changed, withdrawn or extended at any time, without notice.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 2.57% APR
ii 3.60% APR
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