CIBC ENVIRO-SAVER Mortgage
A CIBC ENVIRO-SAVER™ mortgage could be for you, if you are thinking about making energy-efficient upgrades or other improvements to your current or new home. The ENVIRO-SAVER mortgage equips homeowners with the financing and resources needed to make energy and money saving improvements.
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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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Is it for you?
The CIBC ENVIRO-SAVER mortgage could be for you, if you:
- Want to renovate your home
- Want to buy an older home that will need renovations and upgrades
- Want to start making environmentally conscious choices
- Are concerned by the rising cost of your utility bills
| Terms | Any closed term mortgage with a minimum 3-year term or longer*. Products include: |
| Interest Rate | See all CIBC mortgage rates |
| Features of the CIBC ENVIRO-SAVER |
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| Make additional payments | Prepay up to 15% of your original mortgage amount annually |
| Increase your payment amount | Your original mortgage payments (principal and interest) can be increased by up to 100% anytime during the term. The extra payment amount is applied directly to the principal, reducing overall costs |
| Payment options | Weekly, bi-weekly, semi-monthly or monthly |
| Amortization | You now have the option of taking up to 35 years to pay off your mortgage, which can improve your cash flow.2 |
| No need to shop around or make separate arrangements for insurance | Optional CIBC Mortgage Life Insurance provides coverage for the outstanding balance of your mortgage, up to $750,000^ |
How will you benefit from the CIBC ENVIRO-SAVER mortgage?
- Obtain financing to help you achieve what matters most
- Learn how to lower your monthly utility bills
- Increase the resale value of your home
- Become eligible for federal and provincial grants that will help offset the costs of your energy-efficient upgrades
- Learn how simple changes to your daily life can have a positive impact on our environment, while saving you money
Trademarks and Disclaimers
™Registered Trademark of CIBC. All other trademarks are the property of their respective owners.
* CIBC ENVIRO-SAVER mortgage is available on refinances and purchase + improvements only. Not available for the following mortgages: VRM Open, 6 month Open, 6 month Convertible , 1 year Open, 1 year Closed, 2 year Closed, renewals, early renewals, transfer-ins, purchases, conversions, assumptions and ports. Minimum mortgage principal amount: $10,000
^ Some limitations and exclusions apply. For full details, see the Mortgage Life Insurance Application and Certificate of Insurance. Products and their features may change at any time. This is a general description only. Mortgage Life Insurance is underwritten by The Canada Life Assurance Company.
1 Not available in Quebec
2 Available on owner-occupied residences only. Additional insurance premium applies; ask for details.
Products and their features may change at any time. This is a general description only. For more information and the Terms and Conditions for this product, call
1-866-525-8622.
Copyright® 2008 Canadian Imperial Bank of Commerce. All rights reserved.