Revised CIBC special offer . Up to 3% cash back.

Pierce.CIBC

CIBC has recently revised its special offer.
* w& [1 s/ x6 Y% j5 f+ n
6 r6 \$ g: a$ J1 X6 |& u* V! P& ]: S1 RWe increase our cash back offer from 2% to 3 % if your mortgage amount is more than $400,000. We also decrease our minimium mortgage amount from $125,000 to $75,000 now.   

- L* G4 E' v4 X: L6 s% q
) l5 S1 Y! X) _1. If you transfer your mortgage from another financial institution to CIBC, and your mortgage amount is more than $400,000, we give you 3% cash back free money with a very low interest rate.
9 h8 ~8 p9 b7 kFor example, you transfer 400k mortgage to CIBC, CIBC will deposit 3%*400,00=$12,000 to your bank amount. You can use this money for your vacation, or you can make a lump sum payment to your mortgage to decrease your mortgage amortization.

3 m2 A6 v7 H6 y' z$ z2. 2% cash back if you mortgage amount is between $75,000 to $399,999  

3 p7 B% i' H8 M, cYou can also consolidation your other debts with your mortgage, for example, you have a car loan $30,000 with 3.9% interest rate, $10,000 AMEX VISA with 11.5% interest, and a mortgage $385,000  with another Financial institution.  If you only transfer your mortgage to us, you only get 2% because the total amount is less than $400,000.  You can consolidate everything with your mortgage, so the total amount will be $425,000. Therefore, you will get 3% cash back. In addition, you will only pay your mortgage interest rate on your card loan and AMEX VISA.
4 Z" Y! l; [, U+ _/ Z# B( ?4 {
2 q' d: M4 y$ [3 R" G3 h3. $499 Home Equity Line of Credit set up waiver.  If you get a home equity line of credit with CIBC, and use $30,000 in 4 months, CIBC will waive the national fee $499 for you.

" |% p5 @% ?0 \" dPierce Wang
8 S* y4 Q  \; uFinancial Service Representative
Work# 780-460-3203x236

caifan

谢谢信息。
0 T7 U1 Y  Z$ C: g! S8 ^2 o不过我查了银行网站，怎么是up to 7% cash back？
/ `1 {6 ^+ ^; f5 F3 Q! f" E6 o& J7 `/ Ehttp://www.cibc.com/ca/mortgages ... -5prct-csh-bck.html
另外，要享受这个现金返还是否就必须接受银行的posted rate？

Pierce.CIBC

2# caifan
" k: l4 ?# J' Q4 J7 c
6 j0 Q5 t$ s) O/ ?
5 K1 t) D+ x2 _% PFor this offer, I cannot give you discounted rate. You will have to accept the CIBC's posted rate.

Pierce.CIBC

CIBC still hasn't increase the rate yet, but I beileve we are going to increase very soon.