† Offer available for uninsured 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 June 30, 2019, and fund within 120 days of application. Qualifying clients will receive up to $2,500 on a mortgage loan amount of $750,000 or more, up to $2,000 on a mortgage loan of $500,000-749,999, up to $1,200 on a mortgage loan of $300,000-$499,999, or up to $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 June 30, 2019. Offer subject to credit approval and may be changed, withdrawn or extended at any time, without notice.
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.
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.