CIBC Mortgage Rates

Comparing CIBC mortgage rates with the major traditional banks and offers available through mortgage brokers is important. After all, you need to make sure you're getting the best mortgage rate! Whether you are choosing from a fixed rate option or variable rate mortgage, if you do your research you'll get a better deal on your CIBC mortgage rates.

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Are you looking to save money on your mortgage? Heck - who isn't? Give us your info and we'll use our crazy smart mortgage search engine to compare the market and find you the best rate. Ready? Set? Go ahead and see how much you can save:
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Property Value The value of your new dream home (an estimate is fine).
Down Payment The initial upfront portion that you need to pay for the home. Your down payment needs to be at least 5% of the property value and 20% to avoid mortgage default insurance.
Mortgage Balance How much you still owe on your mortgage.
Additional Cash OPTIONAL - Refinancing? Add how much extra you're looking to borrow against the capital you have already built up in your home. Just remember - you can't go over a total mortgage value of 90% of your property value.
Mortgage Value The amount of money you'll need to borrow (but don't worry, we've calculated this for you).
Mortgage Type Fixed vs Variable
FIXED: mortgage rate does not change during your term - in other words you are locked in. VS. VARIABLE: mortgage rate changes during the term with the lender's prime rate.
Open vs Closed
CLOSED: you cannot pay off your mortgage early during the term without being charged a penalty. VS. OPEN: you can pay off your mortgage early with no penalty during the term.
HINT: Help! I'm a Mortgage Newbie, if you're not sure what to choose you're probably looking for a closed rate.
Mortgage Term How long the mortgage agreement is set for.
HINT: Help! I'm a Mortgage Newbie, if you're unsure what to select a five year term is the most popular choice.
Amortization Term How long it will take you to pay off your mortgage. If you're buying a home, the default value is 25 years.
Payment Type Basically how often you want to make your payments each month.
WISE MOVE: Looking to save MORE on your mortgage? Choose a rapid payment schedule.
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CIBC Mortgages Mortgage Rates

Last Updated: June 18, 2013 02:30:40
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    More about CIBC Mortgage Rates

    CIBC gives you the option of choosing from either a secure fixed rate mortgage or variable rate mortgage based on CIBC's Prime rate. CIBC mortgage rates also come with other special programs and offers, such as:

    • The CIBC AeroMortgage program turns your mortgage payments into rewards. For every dollar spent towards mortgage interest, you will receive one Aeroplan mile. Clients will also receive a one time bonus of 15,000 Aeroplan miles for locking into a 1-5, 7 or 10-year closed term or 5-year open term mortgage.
    • The CIBC Wealth Builder option gives you the opportunity to invest in your savings while still paying off your mortgage by receiving money up front and throughout the term of your mortgage.
    • The CIBC More-For-Your-Home mortgage bundle is a borrowing solution complete with a low interest rate, allowing you to do more while still having a mortgage.
    • The CIBC Home Power Mortgage allows you to access up to 85% of the value of your home and consolidate your debt into one monthly payment.
    • CIBC mortgage rates are also available for new resident and non-residents

    Other Important CIBC Mortgage Rate Details

    The CIBC Home Warranty Program is provided by Assurant Services Canada and is designed to help protect your family home offering up to $10,000 worth of home repair services for the year. This program is available to people who are purchasing a new mortgage.

    Learn: Mortgages

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    First Time HomeBuyers Fixed versus Variable Mortgage Refinancing
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    Popular Mortgage Types

    5 Years Fixed - Closed Mortgage Rates Show More Fixed Closed Rates
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    5 Years Variable - closed Mortgage Rates Show More Variable Closed Rates
    1 Year Variable - open Mortgage Rates Show More Variable Open Rates