请教高人：CIBC Mortgage Cash Back Offer是不是很好？

caifan

刚刚打电话给CIBC问 cash back offer的详情，大致如下：
( _& D( Y6 s2 u4 `  K
* K, J7 D: O! v/ @' m# i& O! u1。三年固定利率3.3%, cash back 2%;
2。五年固定利率3.99%, cash back 2%.
8 Y# q% ?$ \, K% j' C3。按照银行网站，五年固定利率5.39%, cash back 5%

另，做mortgage transfer, 而不是refinance, 银行可以支付lawyer's fee。
感觉选择3最值。各位高人有何高见？

caifan

cibc的人好像是这么给我推算的：
0 P- R5 @1 H" K) b$ }- i/ {2 ]
$ [# q' J0 f! V2%现金返还三年期，相当于每年2/3=0.67%的折扣，3.3-0.67=实际利率2.63%
: n" G( N; P' ]4 g/ ^2%现金返还五年期，相当于每年2/5=0.4%的折扣，3.99-0.4=实际利率3.59%
7 F5 j6 K4 W0 c8 n* B: H
按他的算法，5%现金返还五年期，相当于每年5/5=1%的折扣，5.39-1=实际利率4.39%，不是特别好。
9 J2 _$ o% G) |5 d( j" J
我觉得他的算法不精确，好像是假定你会把cash back花掉。如果把cash back马上用于还贷，整个的贷款额就降低了，所以cash back越高越好。

Pierce.CIBC

Let's say a customer wants to transfer $400,000 mortgage to CIBC. He has 2 options.
/ `# N( W) f6 U$ c" y2 t1.   3-year closed mortage with 3.3% and 3% cash back.
, @# o# G2 P# D9 u1 P2.   5-year closed mortgage with posted rate 5.39% and 5% cash back

1 c; ~. N: U* V2 b- {! m* TOption 1. After 3% cash back, your mortgage amount will become $400,000*0.97=$388,000 with 3.3% interest
If you want to payoff your mortgage in 25 years. Monthly PMT $1896.44. The remaining balance is $356,393 after 3 years.

6 r6 r: t: V6 ]Option 2. After  5% cash back, your mortgage amount will become
  w4 [: E7 \$ v( {, L* `, T# n3 |5 n1 M$400,000*0.95=$380,000 with 5.39% interest.
If you want to payoff your mortagge in 25years. Monthly PMT 2295.21  The remaining balance will be $356,351.50 after 3 years
! D* T( R" d# i2 ?: Z
2 W/ d1 ^+ @8 |1 i- e2 RBasically, for the above options, after 3 years, the mortgage remaining balance is similiar.
, g, a2 S' ?9 @/ o& z) cIf you choose the 2% cash back with 3.3%, every month you save about $398.77 monthly payment for 3 years.  Total roughly saving ($398.77*12*3=$14,355)

诺言

能确认一下把mortgage从别的银行转到CIBC，CIBC负担全部律师的费用吗？

caifan

3# Pierce.CIBC
' g: c1 Z: D% @谢谢回复！我后来用网上的贷款计算器算了一下，五年选择5%的返还和5.39% 的posted rate确实不划算，主要因为5.39实在太高了。

caifan

用网上的贷款计算器计算，五年固定利率3.99%, cash back 2%比起现在单纯的五年固定利率3.59%要划算一些。

Rapala

问一个问题，如果是投资房，cashback算收入要交税吗？

caifan

银行网站说：
5 ^4 W) A9 V- F& z; CThe Cash back amount is tax free as long as the funds are not used to earn income from a business or property.

Pierce.CIBC

4# 诺言

7 X9 g3 N3 E3 `5 L5 ?There is no fee/cost to transfer your mortgage

tyyjohn

任何时间都可以转吗？  还是要等5年满了才能转？

诺言

4# 诺言
/ T: q/ e5 Z& P" q( A
There is no fee/cost to transfer your mortgage
Pierce.CIBC 发表于 2010-3-4 14:26

9 a% S" ^9 J" a# I' g但是Title上面的mortgagee不是需要改吗？这个过程不需要律师吗？

Pierce.CIBC

CIBC got free AD from Globe&Mail

2 a* |% X3 w" L' t+ m6 Vhttps://secure.globeadvisor.com/ ... /cnw/20100305/C7106

caifan

据我的重新计算，五年固定3.99% 加上2 % 现金返还大致相当于3.50%，这是相当不错的了。
( a+ B" _4 j7 w
" B0 y9 o4 ^* [; L/ d居然有一位mortgage broker能给这个rate，但是prepayment是5%，不是我想要的 10%。

诺言

“In addition, there are no transfer-in fees for clients to move their mortgage to CIBC.”
# |- A/ F( [; m/ _# V这句话并没有解答new mortgage是否需要律师involve去land title office注册的问题啊？

caifan

“In addition, there are no transfer-in fees for clients to move their mortgage to CIBC.”
这句话并没有解答new mortgage是否需要律师involve去land title office注册的问题啊？
诺言 发表于 2010-3-11 11:41

" H$ P& }: Z) S* t$ w$ ?这个我也问清楚了。我的mortgage broker读了fine print，说你想让银行代付律师和登记费，就得放弃现金返还，当然没有人会那样做。为此他可以另外给我一些现金返还，足够支付相关费用。他说这部分现金返还是他本人用自己积累的点数支付的，与cibc的offer无关。

诺言

这个我也问清楚了。我的mortgage broker读了fine print，说你想让银行代付律师和登记费，就得放弃现金返还，当然没有人会那样做。为此他可以另外给我一些现金返还，足够支付相关费用。他说这部分现金返还是他本人用 ...
caifan 发表于 2010-3-11 11:59

5 y3 s$ v7 J+ w$ i3 s1 e是实实在在的现金返还吗？我看一直没正面回答，感觉有点问题。

Pierce.CIBC

14# 诺言
+ C/ b+ `8 m+ }& i; t% u6 u
  R7 }! Z  L  j+ x( |7 |! ^
当您把mortgage转过来，cibc会给您mortgage注册，不需要花钱。

Pierce.CIBC

16# 诺言

$ F* X6 `# z/ J" X  f
9 {2 K, r5 @) N是free money,直接打到您的银行帐号。