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

Pierce.CIBC

CIBC has recently revised its special offer.

+ f4 H  n. E% ]We 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.   


9 y) I* y! g# Y5 p6 Y1 o' F1. If you transfer your mortgage from another financial institution to CIBC, and your mortgage amount is more than $400,000, we give you 3% cash back free money with a very low interest rate.
0 b3 u$ G: R% z& Q4 dFor 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  

% |- r4 ?. o$ `: AYou 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.

3. $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 $499 for you.
& Z$ ]6 m' W2 h3 M& p, s
) b$ w, O3 d7 i8 `9 X6 xPierce Wang
3 i- e; H) ?) V, i9 G' s: SFinancial Service Representative
3 t( B8 [  M: s  h1 wWork# 780-460-3203x236

caifan

谢谢信息。
) x: E# D5 x9 k  F* A不过我查了银行网站，怎么是up to 7% cash back？
, P* B# z0 f; K& _3 @http://www.cibc.com/ca/mortgages ... -5prct-csh-bck.html
5 {+ S5 `- c5 N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
" o7 q, g4 y* v8 g7 }" T) r' o

6 {3 Q% I" s8 f, G0 YFor 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.