CIBC Better Than Posted Mortgage®
This is a fixed-rate mortgage that gives you guaranteed rate reductions on our posted rates - without having to negotiate!
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The first step is to get pre-approved. If you already have a signed offer to purchase a property, you're ready to apply for a mortgage online, call Telephone Banking at 1-866-525-8622, or visit one of our branches. |
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| Terms | 3, 4, 5, 7 or 10 year closed | |
| Interest rate | See all CIBC mortgage rates | |
| Make additional payments | Prepay up to 10% of original principal mortgage amount annually. | |
| Increase your payment amount | Mortgage payments (principal and interest) can be increased up to 100% of the original regular payment amount anytime during the term. The extra amount is applied directly to the principal, reducing overall costs. | |
| Amortization Period | You now have the option of taking up to 35 years to pay off your mortgage, which can improve your cash flow.1 | |
Is it for you?
The CIBC Better Than Posted Mortgage could be for you if any of the following apply:
- you want the security of a fixed interest rate
- you want a good deal on your rate without having to negotiate
- you are a first-time home-buyer
Information you need to know:
- For the first 9 months of your term, you can choose to lower your initial payments to improve your cash flow or keep the same payment and pay down your mortgage faster.
Trademarks and Disclaimers
All applicants must meet CIBC lending criteria. Some conditions and restrictions apply. Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622.
® Registered trademark of CIBC.
1 Available on owner-occupied residences only. Additional insurance premium applies; ask for details.
Copyright® 2008 Canadian Imperial Bank of Commerce. All rights reserved.