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

Pierce.CIBC

CIBC has recently revised its special offer.

9 X( e+ I+ a! p) bWe 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.   

3 u8 i$ }: k% Z. j' R9 Z, ?+ _9 C9 k
; z& l) {4 H& Z1. If you transfer your mortgage from another financial institution to CIBC, and your mortgage amount is more than $400,000, we give you 3% cash back free money with a very low interest rate.
# y8 N$ @/ U& t9 L- S" c, \For example, you transfer 400k mortgage to CIBC, CIBC will deposit 3%*400,00=$12,000 to your bank amount. You can use this money for your vacation, or you can make a lump sum payment to your mortgage to decrease your mortgage amortization.
2 m5 F! _* o6 _: V$ S4 {; a
2. 2% cash back if you mortgage amount is between $75,000 to $399,999  

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 $425,000. Therefore, you will get 3% cash back. In addition, you will only pay your mortgage interest rate on your card loan and AMEX VISA.
2 L$ ?& r. G2 C; I5 r0 @, m0 ?
3. $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.

6 \9 ^) h. @- {% wPierce Wang
( G( k) s$ a0 j+ L, N4 oFinancial Service Representative
# k& C; l3 C  R# }/ B- f7 DWork# 780-460-3203x236

caifan

谢谢信息。
# Z: S1 B7 }) B# B) w: b不过我查了银行网站，怎么是up to 7% cash back？
3 R% u9 s1 V2 `: |7 m5 U" dhttp://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

3 p4 x! i2 b; j1 Y1 N, X
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.