Comparemyrates.ca finds you the best mortgage rates by The Canadian Imperial Bank of Commerce to assist you in choosing the best rate or empowering you with the most up to date bank rates. Mortgage Brokers at Comparemyrates.ca are specialists who will explain the types of mortgages available to you, the terms, and the rates to help you select a mortgage that fits your lifestyle and potentially cuts years off your mortgage.
Whether you're buying your first home, another property or purchasing a home for retirement and need guidance, Comparemyrates.ca has all the conveniences you require to make an informed and well researched decision. If your preference is to obtain a CIBC mortgage, we connect you with mortgage brokers who will work on your behalf and assist you in deciding the best option. Or let us do the work for you, by answering a few simple questions and requesting a quote we will find you a mortgage broker who will best suit your requirements.
Over the course of a mortgage, even an apparently trivial difference between two products can translate into a huge saving - or an equally huge loss. We all know the value of shopping around to find the best available rates; however, this is sometimes easier said than done. Fortunately, Canadian home-buyers can stay one step ahead of the game with RateSheet. From the day's best rates to personalised mortgage quotes, RateSheet has everything you need to find an outstanding mortgage product. Visit comparemyrates.ca to compare CIBC Bank rates with other major lenders or try out the online mortgage calculator.
The Canadian Imperial Bank of Commerce (CIBC) understands that applying for a mortgage doesn’t have to be so difficult. CIBC offers a range of attractive mortgage rates and options. These include the standard fixed-rate mortgages with open and closed terms, as well as a convertible mortgage; variable-rate mortgages that are available in open and flexible terms; and a range of specialty mortgage products and other offerings.
Check out the following mortgage rates and various available choices to breeze through your mortgage application with CIBC.
One of the most popular mortgage options, a fixed-rate mortgage offers a fixed interest rate. This means that the interest rate would not change over the whole term of the mortgage. The best thing about this option is that you would be able to predict how much interest you’re going to pay every month. With CIBC, you can freely choose among three fixed-rate mortgage options, which are the following:
In a variable-rate mortgage, the regular payment remains fixed but the interest rate changes depending on the fluctuations that happen in the market. CIBC offers two options:
CIBC has a range of specialty mortgage bundles, which include the following:
Find the right mortgage that offers the lowest rate by comparing CIBC’s mortgage rates against the offerings from other banks and mortgage brokers.
To compare the different mortgage rates, you can use CIBC's Mortgage Resource Centre and interactive CIBC mortgage rate comparison chart in addition to CompareMyRate’s mortgage rate comparison tool.
To obtain a complete information about your desired CIBC mortgage plan, you will have to fill out an application form. In addition to the data about your annual income, employment, existing assets and liabilities, and financial history, here is a list of other information that you need to provide:
CIBC has an array CIBC credit cards, including loyalty reward cards, low-interest cards, as well as GICs that can be availed on different terms.
The Canadian Imperial Bank of Commerce (CIBC) is a one of the most reputable and top-ranking financial institutions in Canada. Through two major outfits—CIBC Retail Markets and Wholesale Banking—CIBC offers a complete suite of financial products and services to over 11 million clients which are made up of individuals, small businesses, commercial groups and entities, and corporations and institutions across Canada and around the world. CIBC has 41,000-strong workforce spread across 1,069 branches in Canada. It also has more than 3,800 automated banking machines (ABMs) set up in the country’s different provinces and territories.