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

Pierce.CIBC

CIBC has recently revised its special offer.
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8 T8 ^. C; H1 M+ JWe 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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' _* Y* o8 O8 u1 _1. If you transfer your mortgage from another financial institution to CIBC, and your mortgage amount is more than $400,000, we give you 3% cash back free money with a very low interest rate.
& g: y' M/ U2 p1 F" w7 ^$ CFor 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  
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( `# z; ?5 ~6 B' }; D2 ^& C- UYou 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.

/ Q" M  U6 A/ s# |: _( y3. $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.

( K7 B/ x1 r4 i* O# i) lPierce Wang
2 v7 ?0 R* l+ T8 N! pFinancial Service Representative
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？
: r: h% w) X9 P4 b  phttp://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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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.