This mortgage is for you if you want:

  • To avoid locking in for the long term in case interest rates come down
  • The flexibility to make large lump sum payments on any regular payment date or pay off your mortgage entirely at any time
  • An increase in your payment amount (principal and interest) of up to 100% at anytime during the term, with the extra payment amount being applied directly to the principal, reducing overall costs
  • To sell your property soon
  • The security of knowing the exact amount of your mortgage payments

Other mortgage details:

  • Payment frequency options of weekly, bi-weekly, semi-monthly or monthly
  • Minimum mortgage amount is $10,000
     

Mortgage Disability Insurance

In the event that you are completely unable to work due to an unexpected disability, help protect your family's home with CIBC Mortgage Disability Insurance+ provided by The Canada Life Assurance Company (Canada Life).

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Mortgage Disability Insurance Plus (includes job loss coverage)

In the event that you are completely unable to work due to an unexpected disability or you involuntarily lose your job through no fault of your own, help protect your family's home with CIBC Mortgage Disability Insurance Plus+ provided by The Canada Life Assurance Company (Canada Life).

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Mortgage Life Insurance

In the event of death, help protect your family's home with Creditor Life Insurance for CIBC Mortgages+ provided by The Canada Life Assurance Company (Canada Life).

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