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CIBC has recently revised its special offer.
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5 D" z' A3 q( O, \2 y' Q: k: V3 ]6 wWe 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 $75,000 now. 1 `0 q) m9 u( P( ^/ b0 n" m
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! R0 _, x% o8 Z: U. O$ Z4 m" [1 i1. If you transfer your mortgage from another financial institution to CIBC, and your mortgage amount is more than $400,000, we give you 3% cash back free money with a very low interest rate." G- i6 W% R. B$ {2 E% T' g/ Z9 l8 r
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 v6 C" j* P+ V! V! B" T
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2. 2% cash back if you mortgage amount is between $75,000 to $399,999
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You 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 $425,000. Therefore, you will get 3% cash back. In addition, you will only pay your mortgage interest rate on your card loan and AMEX VISA.2 C" J! r4 l$ I; h
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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.8 a' }4 @0 m, Q8 }" C
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Pierce Wang
) t5 `. K# `' p7 ~Financial Service Representative
: k+ |& O" w+ W! ~& WWork# 780-460-3203x236 |
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