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CIBC Mortgages details

Company Type : Bank

Location : National

CIBC is a leading North American financial institution celebrating 140 years of serving clients in Canada and around the world. Through our 2 distinct business lines, CIBC Retail Markets and CIBC World Markets, CIBC provides a full range of products and services to almost 11 million individual and small business clients and meets the financial needs of corporate and institutional clients.

CIBC Mortgages's mortgage rates

CIBC Mortgages mortgage rates are as follows:

Mortgage rates updated: September 2, 2010 09:30:34

Variable - closed

Rate

Term

2.60%
5 years

Variable - open

Term

Rate

5 years
3.55%

Fixed - closed

Term

Rate

6 Months
4.55%
1 year
3.30%
2 years
3.55%
3 years
4.20%
4 years
5.04%
5 years
5.39%
7 years
6.55%
10 years
6.60%

Fixed - open

Term

Rate

6 Months
6.70%
1 year
6.45%

Please note some conditions may apply.

Please contact the lender or broker for further details.

Mortgage rate details

Conventional mortgage


Yes

High-ratio mortgage

Rate guarantee


Yes - Up to 60 days

Lump sum overpayment


Yes - up to 10%

Installment overpayment


Yes - up to 15%

Assumable


Yes

Portable


Yes

Payment Holidays

Amortization period options


Up to 35 years

Minimum mortgage amount


$$10,000

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