CIBC Mortgage Rates

2008-01-23 12:57:57

( Financial )



Background of CIBC

Established over a century ago, the Canadian Imperial Bank of Commerce or CIBC has become one of North America's leading financial institutions. With more than one thousand branches, CIBC serves not only Canadian residents but also worldwide business and consumer clients. CIBC's name is derived from a merger of two major Canadian banks - Canadian Bank of Commerce and the Imperial Bank of Canada.

The bank has a wide variety of financial and wealth management services to meet the needs of individual consumer and commercial clients.

Both CIBC's revenues and net profits have reached the billions, and CIBC has also contributed significantly to various charitable and non-profit concerns.

A Wide Variety of CIBC Mortgage Packages

CIBC offers mortgage loans for both new and existing residential properties. You also have a choice between fixed and adjustable rate mortgages, or open and closed mortgages. There are even mortgages whose rates are better than most Canadian mortgage rates. You also have various choices regarding the length of the loan period and the payment conditions.

Like most Canadian mortgages, the CIBC mortgage rates and terms that you can get will depend on whether you can comply with certain requirements.

Choosing a CIBC Mortgage Package

Before you can select the right CIBC mortgage, you need to understand the structures of different types of mortgages. You also need to know the factors that would qualify you for the mortgage package you want.

The CIBC site can assist you by explaining the different mortgages that it offers, as well as tabulating each one's conditions and benefits, as well as the stipulated CIBC mortgage rates.

You can view all the available CIBC mortgage rates and loan terms in one table, classified by loan type.

The site also contains FAQs that can explain in greater detail some common client concerns regarding mortgages, such as documentary and personal requirements for loan applicants.

You can apply for a pre-approved CIBC mortgage online if you wish. Just complete the information fields in the online application questionnaire.


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