Revised CIBC special offer . Up to 3% cash back.

Pierce.CIBC

CIBC has recently revised its special offer.

We 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.   


; g, V: x- U# A6 h* S6 K1. 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.
; s. A3 I% V; E: Q9 YFor 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. 2% cash back if you mortgage amount is between $75,000 to $399,999  
) S* D5 q5 |0 t+ h
4 t8 P& k. X  r4 |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.

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 $499 for you.
7 m9 e! V+ J: B: ^- w1 _
Pierce Wang
  ^6 I' a8 Z8 K$ e3 Q- z# n4 `Financial Service Representative
; Y/ t& ]; e- {6 `7 H3 LWork# 780-460-3203x236

caifan

谢谢信息。
不过我查了银行网站，怎么是up to 7% cash back？
6 e" j# e2 o- L, o# Y' E% Dhttp://www.cibc.com/ca/mortgages ... -5prct-csh-bck.html
另外，要享受这个现金返还是否就必须接受银行的posted rate？

Pierce.CIBC

2# caifan
3 t7 J& H* i7 d" e+ }" e1 S8 _
5 D- ^' C/ M' H0 X" E- U
For this offer, I cannot give you discounted rate. You will have to accept the CIBC's posted rate.

Pierce.CIBC

CIBC still hasn't increase the rate yet, but I beileve we are going to increase very soon.