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CIBC has recently revised its special offer." _7 I7 p; w e1 Z# T5 _6 M8 e5 V
% C3 {7 G5 u+ ~ OWe 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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) C. _1 B4 w8 u2 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.% i3 ?# {/ E# E9 G% Z. M
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.
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2. 2% cash back if you mortgage amount is between $75,000 to $399,999 5 V% c. k, e% [! G- @4 ]! h
# v# l- ^0 Z# ?; p% ?6 ?8 p/ a3 D7 WYou 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 n2 X6 y0 g) s% y* R: z0 v
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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 $499 for you.! a6 p( ]: f4 \* X4 u+ p# b9 z
5 W& O% a$ ~6 g! M( E! qPierce Wang- ]2 \$ B; F7 p+ N" l. h' l& }1 r: X
Financial Service Representative
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