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.   

0 Q) n6 @) F3 h: _
1. If you transfer your mortgage from another financial institution to CIBC, and your mortgage amount is more than $400,000, we give you 3% cash back free money with a very low interest rate.
9 v" N$ o* ^; x6 K$ A6 U5 q8 SFor 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.
0 d% x7 [  |. h( R6 W7 h9 r- t
8 @# S, m" `4 ^& @0 m2. 2% cash back if you mortgage amount is between $75,000 to $399,999  
) I1 g; P1 l' U
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.
8 C; H4 a  F! i7 U
$ {5 C: z2 b/ `9 Q3. $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 $499 for you.
: T* A  U$ {) _# I$ w
Pierce Wang
$ x: }7 R6 k# f+ @7 {Financial Service Representative
Work# 780-460-3203x236

caifan

谢谢信息。
- H4 U( l% F, r不过我查了银行网站，怎么是up to 7% cash back？
3 M7 R. a9 m/ m! o+ e+ D% mhttp://www.cibc.com/ca/mortgages ... -5prct-csh-bck.html
+ m8 R4 C" Y: o3 I( ^5 d( e( }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
8 P8 X% q& G/ `5 R* S
0 x  S" {7 o+ d6 S+ M& e
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.