On standard fixed-rate closed mortgage products, CIBC allows customers to pre-pay up to 10% of the original principal mortgage amount annually. New Resident and Non-Resident Home Ownership Programs: These are simplified mortgage approval processes for newcomers to Canada, or for those looking to invest in Canada.Self-Employed Recognition Mortgage: This involves a simplified approval process for entrepreneurs or self-employed people.Home Power Mortgage: This product enables additional borrowing using the equity in your current home.AeroMortgage: This mortgage allows you to turn your mortgage payments into travel and lifestyle rewards.

Convertible Mortgage: A short-term, closed mortgage with a fixed interest rate and the flexibility of converting to a long-term, closed mortgage at any time.

Better than Posted Mortgage: This is a fixed-rate mortgage that gives you guaranteed rate reductions on posted rates, without having to negotiate, on 3, 4, 5, 7, or 10-year closed mortgages.

New Resident and Non-Resident Home Ownership ProgramsĮach of these CIBC mortgage products is explained in more detail below.

It's only by comparing what multiple lenders will offer you that you'll really be able to understand what kind of mortgages are available to you.ĬIBC offers standard fixed and variable-rate mortgages with open and closed terms, as well as a range of specialty mortgage products. Once you've had a look through, click here to receive personalized quotes from multiple lenders for free. This page outlines the various mortgage products CIBC has to offer. While CIBC mortgage rates are certainly competitive with other lenders on the market, it's important to understand the range of mortgage products that CIBC offers in order to understand whether it's the right lender for you. Like all of the big banks, mortgage lending makes up a large part of CIBC's retail banking operation.

The Canadian Imperial Bank of Commerce (CIBC) is the smallest of Canada's Big 5 Banks (depending on which metric you use).

Cibc commercial mortgage calculator