1 Offer available to eligible first time homebuyers on conventional mortgages (loan-to-value ratio is 80% or less) of $100,000 or more with a term of 3 years or longer on a CIBC Fixed-Rate Closed Mortgage or CIBC Variable Flex Mortgage®. You must have a personal CIBC chequing account; pre-authorized mortgage payments must come from a CIBC bank account. Application must be submitted by October 31, 2018; mortgage must fund within 120 days of application. Qualifying clients will receive $1,000 on mortgage amounts of $500,000 or more, $750 on mortgage amounts of $300,000 to $499,999, or $500 on mortgage amounts of $100,000 to $299,999, in their personal CIBC chequing account 6-8 weeks after funding. Other conditions and restrictions apply. Ask us for details. Offer ends October 31, 2018. Offer subject to credit approval and may be changed or withdrawn at any time. CIBC Cube Design & “Banking that fits your life.” are trademarks of CIBC.
* Special rate offer available only for a new, high-ratio 5- or 7-year CIBC Fixed-Rate Closed Mortgage or a 5-year CIBC Variable Flex Mortgage® of an owner-occupied property where the principal amount of the mortgage is $10,000 or more and the amortization is 25 years or less. Rate is not available for the mortgage loan component of a CIBC Home Power Plan®. Rates shown for the applicable term are CIBC’s special discounted rates and are not posted rates of CIBC. Application must be submitted by October 31, 2018 and mortgage must fund within 120 days of application date. All applicants must meet the CIBC lending criteria. Rate is subject to change or may be withdrawn without notice at any time. Other conditions and restrictions apply.
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 $250.
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.