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%;
, P7 V* H3 T" }8 F+ R- F' X; j& D2。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%
" w- h. W2 y8 q  X% i' H8 T# f9 h
% s: r2 y  m9 V& M另，做mortgage transfer, 而不是refinance, 银行可以支付lawyer's fee。
感觉选择3最值。各位高人有何高见？

caifan

cibc的人好像是这么给我推算的：

- z% i8 c/ {/ `' [  g5 |6 E2%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%
2%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%

' f: K" j9 |2 [' y  _  }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。
! ?. c8 |2 U4 V
( P9 U, y# e9 W* Z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.
1.   3-year closed mortage with 3.3% and 3% cash back.
6 C" O, ?9 j- x, K5 l2.   5-year closed mortgage with posted rate 5.39% and 5% cash back
. U) J0 O2 m4 ?7 W( N9 P- p' T( H
% e2 T' J+ q) x8 Q( YOption 1. After 3% cash back, your mortgage amount will become $400,000*0.97=$388,000 with 3.3% interest
; |, [( E1 J1 c, Y% r! aIf you want to payoff your mortgage in 25 years. Monthly PMT $1896.44. The remaining balance is $356,393 after 3 years.
6 @1 R  P5 @8 M( S
; @+ O; K5 `/ z! j: ZOption 2. After  5% cash back, your mortgage amount will become
9 p* n6 p# R! }5 C* ]* [: `$400,000*0.95=$380,000 with 5.39% interest.
( F& L4 Z4 M7 @6 ^- e" |, B3 xIf you want to payoff your mortagge in 25years. Monthly PMT 2295.21  The remaining balance will be $356,351.50 after 3 years

' W  T" F2 [2 @& }2 y' J) o- V$ rBasically, for the above options, after 3 years, the mortgage remaining balance is similiar.
8 S4 \% n6 z, C; B5 mIf 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
) F; P, v2 f) g  s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：
The 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
- Z, t+ P' g' E! b# X6 i
' h% @7 n& k5 _4 G0 UThere 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
, s) W, q# b8 P+ r5 z8 l8 ~
There is no fee/cost to transfer your mortgage
+ ~0 v5 g0 d- I! F* NPierce.CIBC 发表于 2010-3-4 14:26

7 M; Q3 O7 F0 k0 ~0 H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

) s+ x+ [7 w6 W$ fhttps://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。

" B! _8 O& `. _) o  S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.”
; j& Z$ g" w1 C* c- @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.”
5 m1 U2 ^* I' [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？
! \+ ?7 D9 r1 W# H. ], r诺言 发表于 2010-3-11 11:41

' A& W9 g0 c& i7 K& \( H: ]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 ...
caifan 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
1 I* r0 i8 }4 Z* Q$ h, x

# e  y% i! k) E; T( Z1 _# y8 x* Q当您把mortgage转过来，cibc会给您mortgage注册，不需要花钱。

Pierce.CIBC

16# 诺言


是free money,直接打到您的银行帐号。