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：
3 s/ `: d  X& e, i; r5 j. \' v
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%
2 U- q" S* G  q4 N: r$ ]* _$ j
) u7 P7 x* G3 y+ X7 S$ n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

/ z5 p9 G8 _  V. V
0 D6 J; \9 }7 L+ \- m3 c3 E  x' ]) scibc的人好像是这么给我推算的：
# T' [$ F$ v( e6 K% \
% g, ?' p2 Y7 i, t4 T2%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%
1 V* Q) ]. |6 \6 i* v" x2%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%
# Y4 G3 B/ A8 K: ^& R" H- [
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。
# Y& N2 M& q( G
* z1 H3 U3 [! X8 c. j1 X; c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.
$ S# I2 l3 L& j1 H: o* ^4 u1.   3-year closed mortage with 3.3% and 3% cash back.
2.   5-year closed mortgage with posted rate 5.39% and 5% cash back

, ~+ o, y( u2 J* L/ O( ]: I1 nOption 1. After 3% cash back, your mortgage amount will become $400,000*0.97=$388,000 with 3.3% interest
( \( _" f' P8 u4 |* Y4 z. dIf you want to payoff your mortgage in 25 years. Monthly PMT $1896.44. The remaining balance is $356,393 after 3 years.

Option 2. After  5% cash back, your mortgage amount will become
$400,000*0.95=$380,000 with 5.39% interest.
If you want to payoff your mortagge in 25years. Monthly PMT 2295.21  The remaining balance will be $356,351.50 after 3 years
/ @) `& H8 |3 @( L  o
Basically, for the above options, after 3 years, the mortgage remaining balance is similiar.
  a! a  N: c* P* i6 yIf 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
6 O( e. W8 c, b* K$ P" P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
; C; h" R0 N3 W: K+ g4 J4 {
There 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
# w4 J2 P- Y. D4 x
There is no fee/cost to transfer your mortgage
9 p$ |- C! w) s4 @. F. V& Z1 aPierce.CIBC 发表于 2010-3-4 14:26

7 l& C7 J/ A' ?. j/ g8 n( Z& J$ ]6 y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

https://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。

% s& r5 V! b9 r1 g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.”
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.”
# _7 \# `, w% B5 K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？
' b: X/ I1 C2 J" o诺言 发表于 2010-3-11 11:41

4 v9 s- T3 r, }4 R8 V3 y% k% {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 ...
' A! g2 W+ Z3 d& C  lcaifan 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
  W0 e. {; C8 ~: C% _7 A3 P- D

: k' S: ~! R. {' R. }当您把mortgage转过来，cibc会给您mortgage注册，不需要花钱。

Pierce.CIBC

16# 诺言

& p3 V  x8 z5 e$ E& P( k8 K
: O* ~0 o8 X& A2 p8 @9 \3 w  L是free money,直接打到您的银行帐号。