† Offer available for mortgage loans transferred in to CIBC from another financial institution, and funded within 120 days of application date. Mortgage loan must have a principal 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 bank account. Qualifying clients will receive $2,500 on a mortgage loan 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 6-8 weeks after funding. Other conditions and restrictions apply. Ask us for details. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.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.
Transferred mortgage must be from a lender approved by CIBC. Prepayment fees and other charges from your existing lender may apply. Additional conditions and restrictions may apply. Ask for details.
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.