† Offer available for mortgage loans for first-time home buyers, mortgage loans for new purchase, or mortgage loans that are transferred to CIBC from another financial institution. Mortgage loans must be funded within 120 days of application date.
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 4 years or more, or a 5-year CIBC Variable Flex Mortgage loan. A personal CIBC chequing account is required to make pre-authorized mortgage payments. Qualifying clients will receive:
- $3,000 on a mortgage loan amount of $750,000 or more;
- $2,000 on a mortgage loan of $500,000 to $749,999;
- $1,200 on a mortgage loan of $300,000 to $499,999; or
- $1,000 on a mortgage loan of $100,000 to $299,999.
Cash back will be deposited in the personal CIBC chequing account 6 to 8 weeks after funding.
Other conditions and restrictions apply. Ask us for details. Offer ends October 31, 2020. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.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.