This program is for you if you want:

  • To consolidate your debt at a lower rate of interest than most major credit cards and loans
  • Help with the kids' education costs, your dream vacation, perfect vehicle, a home renovation and more
  • Emergency funds to handle unexpected expenses
  • To purchase investments or maximize your RRSP contributions
  • A residential property, including rental properties of up to four units

Other details:

  • CIBC Home Power mortgage rates can offer competitive interest rates and an assured pay-off date
  • You can access up to 80% of the value of your home2
  • Minimum amount of a CIBC Home Power mortgage is $10,000 (there is no minimum if you are transferring in from another financial institution)
  • Set-Up Service package includes: preparation of legal documents and regular disbursements for registry of a mortgage, preparation of mortgage, discharge of one existing mortgage, execution searches, conveyance fees, search fees and title insurance.

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