Financing your next Home

When it comes time to purchase your next home, you'll feel more comfortable with the lending process, and the documents you'll be required to provide. Perhaps most important of all, you've probably accumulated some equity from your current home, which you can apply towards the down payment on your next property.

If you are selling your current home, the difference between what you still owe on that property and what you were able to sell it for, minus real estate fees and other costs, represents your equity in the property and what you will have available as a down payment.

If you are not selling your current home when buying your next home, you will need to qualify for an additional mortgage on top of your current mortgage. CIBC can help with a mortgage refinance or line of credit, with products such as the CIBC Home Power Mortgage® or CIBC Home Power Plan®.

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