† Offer available for mortgage loans for first time home buyers. 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 CIBC Variable Flex Mortgage loan. You must have a personal CIBC chequing account, and pre-authorized mortgage payments must come from a CIBC account. Application must be submitted by February 29, 2020, and fund within 120 days of application. Qualifying clients will receive $2,500 on a mortgage loan amount of $750,000 or more, $2,000 on a mortgage loan of $500,000-749,999, $1,200 on a mortgage loan of $300,000-$499,999, or $1,000 on a mortgage loan of $100,000-$299,999. Cash back will be deposited in the personal CIBC chequing account 6-8 weeks after funding. Other conditions and restrictions apply. Ask us for details. Offer ends February 29, 2020. Offer subject to credit approval and may be changed, withdrawn or extended at any time, without notice.
If you have an eligible high ratio mortgage, you may also qualify for a special low rate. Talk to us to find out how.
‡ 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. Rates shown for the applicable term are CIBC’s special discounted rates and 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 Offer may be changed, withdrawn or extended at any time, without notice.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.