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：
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" m4 l3 W4 L' D8 X- X1。三年固定利率3.3%, cash back 2%;
3 a0 _: S+ w7 M1 _9 n7 p( L5 I6 n2。五年固定利率3.99%, cash back 2%.
3 w; O4 W% g% |$ _3。按照银行网站，五年固定利率5.39%, cash back 5%

  F) i9 w: l* K# C( g另，做mortgage transfer, 而不是refinance, 银行可以支付lawyer's fee。
4 s7 m9 R8 Y7 i" b/ q0 E* g感觉选择3最值。各位高人有何高见？

caifan

1 }, j6 G3 N$ B; e. D6 Dcibc的人好像是这么给我推算的：
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2 M1 I( a1 n- N$ j0 K) l# }2%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%
5 k& l. \7 C* \& g2%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%

. V! q5 E( i+ G( S" O& ?  \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。
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% n( o  a( a/ z  A5 G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.
  L2 ~; W* s- H: F9 l8 G4 b1.   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
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Option 1. After 3% cash back, your mortgage amount will become $400,000*0.97=$388,000 with 3.3% interest
. h, u7 Q# I" ?1 l/ {+ T& Q8 h1 kIf you want to payoff your mortgage in 25 years. Monthly PMT $1896.44. The remaining balance is $356,393 after 3 years.
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Option 2. After  5% cash back, your mortgage amount will become
/ t9 M2 `, z9 q2 b/ X" ^( _$400,000*0.95=$380,000 with 5.39% interest.
: |& A0 C. {* sIf you want to payoff your mortagge in 25years. Monthly PMT 2295.21  The remaining balance will be $356,351.50 after 3 years

+ j8 _# u1 ]: I" E- @) w, WBasically, for the above options, after 3 years, the mortgage remaining balance is similiar.
1 T- W# h8 M6 aIf 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
* r4 V6 C0 p6 \+ E0 j: T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：
/ l2 {8 V( D/ }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
0 r1 R+ M- r' A3 E- B+ o/ m4 Z
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

6 N" B! [; I2 ], W  f, ~There is no fee/cost to transfer your mortgage
Pierce.CIBC 发表于 2010-3-4 14:26

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。

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.”
% `" l( \; f4 P# U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.”
- Z& c) Y) w/ H3 n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？
! \/ }' N) P' s( g4 K诺言 发表于 2010-3-11 11:41

$ J7 H) J4 w$ T. k% z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
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% D& O9 P6 n; ?  H) o: m1 f; Y当您把mortgage转过来，cibc会给您mortgage注册，不需要花钱。

Pierce.CIBC

16# 诺言

0 `- _& Y" h) k/ \5 Q6 X( v
是free money,直接打到您的银行帐号。