CIBC Home Power Plan

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Your all-in-one borrowing solution

Combine a mortgage with a home equity line of credit to enjoy ongoing access to funds at a low interest rate.

Play the video to learn about the CIBC Home Power Plan (1:47) | Transcript

Get pre-approved

Apply online, find a branch, or call 1-866-525-8622

Discover the key benefits

Be prepared for anything that comes your way with the ability to:

Manage your mortgage and line of credit under one plan

Use the value of your home to borrow money

Access your line of credit at any time

Only pay interest on the amount you use

Get creditor insurance protection for your personal line of credit

Borrow up to 80% of the value of your home¹

With the CIBC Home Power Plan, you could borrow as little as $10,000 secured against your home equity.

Plus, as you pay down your mortgage, your line of credit will automatically increase².

Find the mortgage that best suits you

CIBC Fixed-Rate Closed Mortgage

You’ll always know exactly what your payments will be. You can choose terms of up to 10 years and can prepay up to 10% annually.

CIBC Variable Flex Mortgage^®

Take advantage of competitive interest rates. You’ll have the option to pay down your mortgage faster with pre-payment privileges of up to 20%.

Compare all mortgage rates

Let's get started

Call us: 1-866-525-8622

Find a Mobile mortgage advisor

You might also be interested in these special offers

about the Home Power Plan line of credit.

A line of credit to help you conquer your goals

Enjoy a low introductory rate^‡, equal to CIBC Prime currently at RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)% until December 7, 2025.

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Questions?

Top mortgage questions

^‡ CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. CIBC Prime rate was RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)% on RDS%SYSTEM_DATE(#M# #d#, #Y#)%. The interest rate on the line of credit component of your CIBC Home Power Plan will change whenever CIBC Prime varies.

On December 8, 2025, your rate will revert to the ongoing interest rate stipulated in your CIBC Home Power Plan Line of Credit and Mortgage Loan Terms and your CIBC Line of Credit Statement of Disclosure. Apply for a new CIBC Home Power Plan by April 30, 2025 and open the line of credit component by August 29, 2025; this is subject to credit approval. This offer is only available to applicants that do not hold a CIBC Home Power Plan at the time of application, unless the CIBC Home Power Plan to which this offer applies is not secured by the same property securing the applicant’s existing CIBC Home Power Plan or Home Power Line of Credit. A $300 property valuation fee applies. Other conditions apply. Offer ends on April 30, 2025. CIBC may change or cancel this offer at any time without notice.

CIBC Home Power Plan is offered by CIBC. All CIBC Home Power Plan applicants must meet CIBC’s lending criteria. Minimum borrowing amount is $10,000. Minimum equity in your home is required to qualify. Available on residential properties only. Some conditions and restrictions apply.

¹ Access up to 80% of the appraised value of your home, or of your non owner-occupied rental properties of up to four units.

² Automatic rebalancing of the line of credit component of your CIBC Home Power Plan may take up to 60 days and is subject to your maximum PLC rebalancing limit, as such term is defined in your CIBC Home Power Plan Agreement. The credit limit on the line of credit component of your CIBC Home Power Plan cannot exceed an approved percentage of the value of the property held as security for your CIBC Home Power Plan at time of application.