1 Less what you currently owe on your home under all encumbrances. For non owner-occupied rental properties of up to four units you can access up to 80%.
2 To qualify for a CIBC Home Power Plan Line of Credit, you must have more than 35% equity in your home. Minimum Line of Credit amount is $10,000. Available on residential properties only.
3 Automatic rebalancing of the line of credit component of your CIBC Home Power Plan may take up to 60 days and is subject to your maximum PLC rebalancing limit, as such term is defined in your CIBC Home Power Plan Agreement. The credit limit on the line of credit component of your CIBC Home Power Plan cannot exceed an approved percentage of the value of the property held as security for your CIBC Home Power Plan at time of application.