请教高人：CIBC Mortgage Cash Back Offer是不是很好？

caifan

刚刚打电话给CIBC问 cash back offer的详情，大致如下：

3 u  d6 s; O8 l1。三年固定利率3.3%, cash back 2%;
2。五年固定利率3.99%, cash back 2%.
3。按照银行网站，五年固定利率5.39%, cash back 5%

另，做mortgage transfer, 而不是refinance, 银行可以支付lawyer's fee。
感觉选择3最值。各位高人有何高见？

caifan

) f" u( {2 A9 U+ }6 o( H- X+ v
cibc的人好像是这么给我推算的：

2%现金返还三年期，相当于每年2/3=0.67%的折扣，3.3-0.67=实际利率2.63%
- ~- u- c9 v( Y* A" T- u. m2%现金返还五年期，相当于每年2/5=0.4%的折扣，3.99-0.4=实际利率3.59%
" O9 O4 d7 G6 _2 U2 ]
按他的算法，5%现金返还五年期，相当于每年5/5=1%的折扣，5.39-1=实际利率4.39%，不是特别好。
* N7 j* \9 [% j1 V' k! i+ G
5 G0 u+ f# O- D/ t" O我觉得他的算法不精确，好像是假定你会把cash back花掉。如果把cash back马上用于还贷，整个的贷款额就降低了，所以cash back越高越好。

Pierce.CIBC

Let's say a customer wants to transfer $400,000 mortgage to CIBC. He has 2 options.
2 R* k8 E+ B& f8 _. G9 C7 H1.   3-year closed mortage with 3.3% and 3% cash back.
- ]) u. R. V$ ^: L) f; B8 g, Z6 e: Y* T2.   5-year closed mortgage with posted rate 5.39% and 5% cash back
- p/ n2 e8 Y3 r6 c7 @+ c: E2 ]
Option 1. After 3% cash back, your mortgage amount will become $400,000*0.97=$388,000 with 3.3% interest
If you want to payoff your mortgage in 25 years. Monthly PMT $1896.44. The remaining balance is $356,393 after 3 years.

5 F, ~- M, J7 {" q5 r* ~- H: zOption 2. After  5% cash back, your mortgage amount will become
$400,000*0.95=$380,000 with 5.39% interest.
If you want to payoff your mortagge in 25years. Monthly PMT 2295.21  The remaining balance will be $356,351.50 after 3 years
/ A5 O% G2 l7 p- @& X, H: P1 B9 @* Z
4 F$ ~+ C# E8 d# W5 N9 t4 PBasically, for the above options, after 3 years, the mortgage remaining balance is similiar.
If you choose the 2% cash back with 3.3%, every month you save about $398.77 monthly payment for 3 years.  Total roughly saving ($398.77*12*3=$14,355)

诺言

能确认一下把mortgage从别的银行转到CIBC，CIBC负担全部律师的费用吗？

caifan

3# Pierce.CIBC
6 M3 @# M7 y1 V: Y- V9 o谢谢回复！我后来用网上的贷款计算器算了一下，五年选择5%的返还和5.39% 的posted rate确实不划算，主要因为5.39实在太高了。

caifan

用网上的贷款计算器计算，五年固定利率3.99%, cash back 2%比起现在单纯的五年固定利率3.59%要划算一些。

Rapala

问一个问题，如果是投资房，cashback算收入要交税吗？

caifan

银行网站说：
# M- _0 L, F; j/ I- l; LThe Cash back amount is tax free as long as the funds are not used to earn income from a business or property.

Pierce.CIBC

4# 诺言

: [' E- ^; B+ C( nThere is no fee/cost to transfer your mortgage

tyyjohn

任何时间都可以转吗？  还是要等5年满了才能转？

诺言

4# 诺言
& @  B( O$ k7 p4 |' b
There is no fee/cost to transfer your mortgage
Pierce.CIBC 发表于 2010-3-4 14:26

9 F. Q( B3 O' D. s: K+ @- d但是Title上面的mortgagee不是需要改吗？这个过程不需要律师吗？

Pierce.CIBC

CIBC got free AD from Globe&Mail

https://secure.globeadvisor.com/ ... /cnw/20100305/C7106

caifan

据我的重新计算，五年固定3.99% 加上2 % 现金返还大致相当于3.50%，这是相当不错的了。
- N2 M  S7 l$ u- h) W
+ T/ _5 d6 G2 ?! M" P6 Y' A居然有一位mortgage broker能给这个rate，但是prepayment是5%，不是我想要的 10%。

诺言

“In addition, there are no transfer-in fees for clients to move their mortgage to CIBC.”
# ], y+ V7 I4 t* U/ l5 V6 a6 a这句话并没有解答new mortgage是否需要律师involve去land title office注册的问题啊？

caifan

“In addition, there are no transfer-in fees for clients to move their mortgage to CIBC.”
3 m/ G* d: V, M' o( u0 s这句话并没有解答new mortgage是否需要律师involve去land title office注册的问题啊？
% }% \% E  m' A2 H4 ^. T3 z; N: R- f诺言 发表于 2010-3-11 11:41

这个我也问清楚了。我的mortgage broker读了fine print，说你想让银行代付律师和登记费，就得放弃现金返还，当然没有人会那样做。为此他可以另外给我一些现金返还，足够支付相关费用。他说这部分现金返还是他本人用自己积累的点数支付的，与cibc的offer无关。

诺言

这个我也问清楚了。我的mortgage broker读了fine print，说你想让银行代付律师和登记费，就得放弃现金返还，当然没有人会那样做。为此他可以另外给我一些现金返还，足够支付相关费用。他说这部分现金返还是他本人用 ...
8 D) H9 S" V" o& ]: X3 Xcaifan 发表于 2010-3-11 11:59

6 N  A6 ~0 w& W& x. V是实实在在的现金返还吗？我看一直没正面回答，感觉有点问题。

Pierce.CIBC

14# 诺言
8 \% |8 |+ l. C
& N: n; ]  U5 D' ]- t
当您把mortgage转过来，cibc会给您mortgage注册，不需要花钱。

Pierce.CIBC

16# 诺言
1 q% X0 C: O1 R0 H) q( w, y
8 E& L9 k* n+ e* W; m
是free money,直接打到您的银行帐号。