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

Pierce.CIBC

CIBC has recently revised its special offer.
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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 $75,000 now.   
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# U9 f9 z; k3 M, P: M2 o$ b* c1. 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.
4 z9 w7 Q  E5 Y: p/ ?5 lFor 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.
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4 q7 R1 ~4 j( L2. 2% cash back if you mortgage amount is between $75,000 to $399,999  

4 S/ w/ f6 S* t) q8 N& F" L. jYou 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.
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% \$ [; l" D& V) o& u3. $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.

* K  Y% [- v- o) ^Pierce Wang
& s" n  [+ t. L; F6 lFinancial Service Representative
; T7 d: s% l/ U, `' l' ?* d7 T, }Work# 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？
$ [( j/ H; k. \" D6 c1 w) Ghttp://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
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2 B: ]- U$ x; _3 m$ q) N) KFor 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.