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

Pierce.CIBC

CIBC has recently revised its special offer.
$ e1 {8 [; v8 b3 W" B$ {! W
0 U- p, h" x$ z6 K- uWe 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.   


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 p( \, S) d: D# y9 l1 @8 U8 W. ^For 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.

2. 2% cash back if you mortgage amount is between $75,000 to $399,999  
' j) @: n  P( s8 n$ |
5 q6 D# D  A- a6 O& oYou 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.
* I/ a. x  z! b
" r3 h0 x# E8 \- G3. $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.
; }  ^3 u0 ~% Q
1 O- r% L% w6 Y  `9 d/ iPierce Wang
- S8 y2 W/ u, ?Financial Service Representative
Work# 780-460-3203x236

caifan

谢谢信息。
8 z, J3 S& w. _& f7 Z$ W不过我查了银行网站，怎么是up to 7% cash back？
) v8 P, R+ u$ g. vhttp://www.cibc.com/ca/mortgages ... -5prct-csh-bck.html
. p* y; g5 H! }% R1 z3 H% R7 o( a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
9 h4 j% E4 C6 T5 y8 Z

For 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.