请教高人：CIBC Mortgage Cash Back Offer是不是很好？

caifan

刚刚打电话给CIBC问 cash back offer的详情，大致如下：

1。三年固定利率3.3%, cash back 2%;
2。五年固定利率3.99%, cash back 2%.
3。按照银行网站，五年固定利率5.39%, cash back 5%

另，做mortgage transfer, 而不是refinance, 银行可以支付lawyer's fee。
$ i( Q0 n: R: ]1 R感觉选择3最值。各位高人有何高见？

caifan

2 \6 t- g) g6 [6 o* @cibc的人好像是这么给我推算的：

& T" J$ D" z9 S2%现金返还三年期，相当于每年2/3=0.67%的折扣，3.3-0.67=实际利率2.63%
. K" _0 E+ g  l4 D" Z9 Z2%现金返还五年期，相当于每年2/5=0.4%的折扣，3.99-0.4=实际利率3.59%

# B/ n5 C$ P' @$ e1 ?+ e" C按他的算法，5%现金返还五年期，相当于每年5/5=1%的折扣，5.39-1=实际利率4.39%，不是特别好。
4 A+ V% p, D" K* F- x" \
我觉得他的算法不精确，好像是假定你会把cash back花掉。如果把cash back马上用于还贷，整个的贷款额就降低了，所以cash back越高越好。

Pierce.CIBC

Let's say a customer wants to transfer $400,000 mortgage to CIBC. He has 2 options.
2 u9 @2 Q2 S$ R8 N; ]  u9 P3 w1.   3-year closed mortage with 3.3% and 3% cash back.
* G  V3 ?8 Y- @+ u2 |2.   5-year closed mortgage with posted rate 5.39% and 5% cash back

3 @1 ?# V9 z% \( O2 k& H3 yOption 1. After 3% cash back, your mortgage amount will become $400,000*0.97=$388,000 with 3.3% interest
If you want to payoff your mortgage in 25 years. Monthly PMT $1896.44. The remaining balance is $356,393 after 3 years.
& g0 A0 L/ L, f4 M$ B" s
5 M6 G7 H, K3 Y1 y& T3 B" R( jOption 2. After  5% cash back, your mortgage amount will become
$400,000*0.95=$380,000 with 5.39% interest.
8 b; m! i& e6 G  A" R( wIf you want to payoff your mortagge in 25years. Monthly PMT 2295.21  The remaining balance will be $356,351.50 after 3 years

- U) k  l8 J& t) i" Q, n8 v" v3 EBasically, for the above options, after 3 years, the mortgage remaining balance is similiar.
If you choose the 2% cash back with 3.3%, every month you save about $398.77 monthly payment for 3 years.  Total roughly saving ($398.77*12*3=$14,355)

诺言

能确认一下把mortgage从别的银行转到CIBC，CIBC负担全部律师的费用吗？

caifan

3# Pierce.CIBC
谢谢回复！我后来用网上的贷款计算器算了一下，五年选择5%的返还和5.39% 的posted rate确实不划算，主要因为5.39实在太高了。

caifan

用网上的贷款计算器计算，五年固定利率3.99%, cash back 2%比起现在单纯的五年固定利率3.59%要划算一些。

Rapala

问一个问题，如果是投资房，cashback算收入要交税吗？

caifan

银行网站说：
, {, A$ \$ [$ cThe Cash back amount is tax free as long as the funds are not used to earn income from a business or property.

Pierce.CIBC

4# 诺言
" P0 P# N) Y7 j" l0 Q: N) S8 {
4 H: V0 n  @7 H7 b$ E6 F& dThere is no fee/cost to transfer your mortgage

tyyjohn

任何时间都可以转吗？  还是要等5年满了才能转？

诺言

4# 诺言

There is no fee/cost to transfer your mortgage
Pierce.CIBC 发表于 2010-3-4 14:26

# p3 p4 s$ }; a3 x5 v0 B但是Title上面的mortgagee不是需要改吗？这个过程不需要律师吗？

Pierce.CIBC

CIBC got free AD from Globe&Mail
: B. V+ S; Z+ _8 e8 G% \" q& l) H  i
( E+ J" {' e/ ^5 M0 s! o; u+ shttps://secure.globeadvisor.com/ ... /cnw/20100305/C7106

caifan

据我的重新计算，五年固定3.99% 加上2 % 现金返还大致相当于3.50%，这是相当不错的了。

居然有一位mortgage broker能给这个rate，但是prepayment是5%，不是我想要的 10%。

诺言

“In addition, there are no transfer-in fees for clients to move their mortgage to CIBC.”
$ G$ P! E# K' R* j' U' X这句话并没有解答new mortgage是否需要律师involve去land title office注册的问题啊？

caifan

“In addition, there are no transfer-in fees for clients to move their mortgage to CIBC.”
3 V+ T5 C8 K: _' j# s这句话并没有解答new mortgage是否需要律师involve去land title office注册的问题啊？
5 P1 l$ l- i  c1 B; c* k5 F1 K诺言 发表于 2010-3-11 11:41

这个我也问清楚了。我的mortgage broker读了fine print，说你想让银行代付律师和登记费，就得放弃现金返还，当然没有人会那样做。为此他可以另外给我一些现金返还，足够支付相关费用。他说这部分现金返还是他本人用自己积累的点数支付的，与cibc的offer无关。

诺言

这个我也问清楚了。我的mortgage broker读了fine print，说你想让银行代付律师和登记费，就得放弃现金返还，当然没有人会那样做。为此他可以另外给我一些现金返还，足够支付相关费用。他说这部分现金返还是他本人用 ...
+ A8 \" }: Y$ T; B3 J8 x- W3 `! vcaifan 发表于 2010-3-11 11:59

是实实在在的现金返还吗？我看一直没正面回答，感觉有点问题。

Pierce.CIBC

14# 诺言
* A9 u* L7 z6 b9 O

当您把mortgage转过来，cibc会给您mortgage注册，不需要花钱。

Pierce.CIBC

16# 诺言
/ r& e3 P8 g% ^6 m( [
9 v5 V& z+ ?7 Y  m5 N9 L0 ^  q
, J( ?0 ^9 {* t& ~5 K. J是free money,直接打到您的银行帐号。