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CIBC Home Power™ mortgage

A CIBC Home Power mortgage lets you use the equity in your home to make your dreams come true.

The CIBC Home Power mortgage is a refinance package that lets you borrow additional money on your mortgage, so you can afford the things you've always wanted. For a low price, it can save you money and help you consolidate your debt into one convenient payment.1

Interested in applying for a CIBC Mortgage?

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.

Apply for a Pre-approval Certificate

Is it for you?


The CIBC Home Power mortgage could be for you if any of the following apply:

  • you have at least 10% equity in your home
  • you want to consolidate your debt at a lower rate of interest than most major credit cards and loans
  • you want to take that dream vacation, buy a vehicle, renovate your home, or help your kids with their education costs
  • you require a way to handle unexpected expenses
  • you wish to purchase investments or maximize your RSP contributions
  • you have a residential property, including rental properties of up to four units

Information you need to know:

  • CIBC Home Power mortgage rates are based on a 25-year amortization, which means we can offer competitive interest rates and an assured pay-off date.
  • You can access up to 90% of the value of your home.*
  • Minimum amount of a CIBC Home Power mortgage is $10,000 (there is no minimum if you are transferring in from another financial institution).
  • The cost of our Set-Up Service is highly competitive.
  • Set-up Service price includes: Preparation and registration of documents for your existing and new mortgage, including: title insurance, appraisal cost, search fees and more1±.

Trademarks and Disclaimers

Mortgages are offered by CIBC Mortgages Inc. All applicants must meet CIBC lending criteria. Available on single-family, owner-occupied residential properties only. Some conditions and restrictions apply. Products and their features may change at any time. This is a general description only. For more information call 1-866-525-8622.

* Less what you currently owe on your home, or other encumbrances. Access up to 90% if your mortgage is CMHC insured; otherwise, borrow up to 80%.

1 Set-Up Service for CIBC's Home Power mortgage is not available in Nunavut. To qualify for the Set-Up Service package, you must use the CIBC's service provider. Additional conditions and restrictions apply.

± Set-Up Service package includes: preparation of legal documents and regular disbursements for registry of a mortgage, preparation of mortgage, discharge of one existing mortgage, execution searches, conveyance fees, search fees and title insurance.

+ CIBC Mortgage Life Insurance is underwritten by The Canada Life Assurance Company. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment.

™ Trademark of CIBC.