[CIBC] CIBC Mortgage Speical 5 years variable 1.28%

Feb 8th, 2021 4:46 pm

#1

torpc [OP]: Member; Dec 8, 2002; 236 posts; 344 upvotes

Feb 8th, 2021 4:46 pm

[CIBC] CIBC Mortgage Speical 5 years variable 1.28%

Expiry:: February 19, 2021
Retailer:: CIBC

CIBC Lunar New Year Mortgage Special Offer
February 8 - 19, 2021

1.28% 5-year Variable Flex
For new accquisitions and transfers-in only

Share:

Feb 8th, 2021 5:10 pm

#2

jonjon0812: Newbie; Sep 23, 2013; 26 posts; 31 upvotes

Feb 8th, 2021 5:10 pm

Link?

Feb 8th, 2021 5:10 pm

#3

Stinky2: Jr. Member; Oct 31, 2008; 106 posts; 270 upvotes; Calgary

Feb 8th, 2021 5:10 pm

Is it posted on any website ?

Feb 8th, 2021 5:10 pm

#4

XSnapSX: Deal Addict; Feb 27, 2013; 1965 posts; 623 upvotes; Toronto

Feb 8th, 2021 5:10 pm

what about 5 yr fixed?

Feb 8th, 2021 5:19 pm

#5

zerocool_maverick: Member; Apr 20, 2011; 258 posts; 193 upvotes; Edmonton, Canada

Feb 8th, 2021 5:19 pm

Hahaha what a joke. The lowest fixed rate avaialable is 1.25% for insured mortgages.

Feb 8th, 2021 5:23 pm

#6

simplylgg: Deal Addict; Oct 29, 2007; 2070 posts; 633 upvotes

Feb 8th, 2021 5:23 pm

zerocool_maverick wrote: ↑ Hahaha what a joke. The lowest fixed rate avaialable is 1.25% for insured mortgages.

From where? Please provide more details.

Feb 8th, 2021 5:36 pm

#7

jarfgames: Deal Addict; Nov 10, 2012; 2659 posts; 1926 upvotes; Calgary

Feb 8th, 2021 5:36 pm

I was told by my contact at CIBC that they can combine this with other existing offers/cash back.

+1

Feb 8th, 2021 5:41 pm

#8

kangarooz: Deal Addict; Apr 12, 2013; 2886 posts; 1878 upvotes; Moon

Feb 8th, 2021 5:41 pm

torpc wrote: ↑ CIBC Lunar New Year Mortgage Special Offer
February 8 - 19, 2021

1.28% 5-year Variable Flex
For new accquisitions and transfers-in only

Insured rate or available for all?

Koodo, Public Mobile, Lucky Mobile Customer

Feb 8th, 2021 5:43 pm

#9

muffin4life: Deal Addict; Jun 4, 2012; 3842 posts; 3277 upvotes

Feb 8th, 2021 5:43 pm

zerocool_maverick wrote: ↑ Hahaha what a joke. The lowest fixed rate avaialable is 1.25% for insured mortgages.

Have you looked at HSBC? It's actually 0.99

Images

Last edited by muffin4life on Feb 8th, 2021 5:45 pm, edited 1 time in total.

Feb 8th, 2021 5:43 pm

#10

FightCanada: Member; Aug 9, 2006; 454 posts; 43 upvotes

Feb 8th, 2021 5:43 pm

jarfgames wrote: ↑ I was told by my contact at CIBC that they can combine this with other existing offers/cash back.

Do you have a contact for this?

Feb 8th, 2021 5:52 pm

#11

jarfgames: Deal Addict; Nov 10, 2012; 2659 posts; 1926 upvotes; Calgary

Feb 8th, 2021 5:52 pm

FightCanada wrote: ↑ Do you have a contact for this?

PM sent with my contact’s details.

Feb 8th, 2021 5:54 pm

#12

teelin: Jr. Member; Jan 25, 2012; 140 posts; 37 upvotes; SCARBOROUGH

Feb 8th, 2021 5:54 pm

would also like to be pm with contacts. thanks

Feb 8th, 2021 5:56 pm

#13

zerocool_maverick: Member; Apr 20, 2011; 258 posts; 193 upvotes; Edmonton, Canada

Feb 8th, 2021 5:56 pm

simplylgg wrote: ↑ From where? Please provide more details.

Butler mortgage

https://www.ratespy.com/best-mortgage-r ... year/fixed

Edit: It has gone up to 1.28%

https://www.butlermortgage.ca/

Last edited by zerocool_maverick on Feb 8th, 2021 5:58 pm, edited 1 time in total.

Feb 8th, 2021 5:56 pm

#14

neatooo: Sr. Member; Oct 20, 2014; 614 posts; 281 upvotes; Trenton, on

Feb 8th, 2021 5:56 pm

jarfgames wrote: ↑ I was told by my contact at CIBC that they can combine this with other existing offers/cash back.

Could you please PM the contact to me too? TIA

Feb 8th, 2021 5:58 pm

#15

zerocool_maverick: Member; Apr 20, 2011; 258 posts; 193 upvotes; Edmonton, Canada

Feb 8th, 2021 5:58 pm

muffin4life wrote: ↑ Have you looked at HSBC? It's actually 0.99

Yeah I was referring to fixed, not variable.

+2

Feb 8th, 2021 5:59 pm

#16

Stinky2: Jr. Member; Oct 31, 2008; 106 posts; 270 upvotes; Calgary

Feb 8th, 2021 5:59 pm

Would like a PM please

Feb 8th, 2021 6:01 pm

#17

stevie031: Newbie; Mar 7, 2011; 17 posts; 1 upvote; Toronto

Feb 8th, 2021 6:01 pm

Please PM me the details.

Feb 8th, 2021 6:02 pm

#18

blairwaldorf: Newbie; Mar 31, 2015; 4 posts; 1 upvote; Kanata, ON

Feb 8th, 2021 6:02 pm

Does a refinance qualify for this offer?
How about the cash bonus?

Feb 8th, 2021 6:05 pm

#19

azn_sicko: Newbie; Jun 4, 2007; 56 posts; 62 upvotes; Toronto

Feb 8th, 2021 6:05 pm

zerocool_maverick wrote: ↑ Hahaha what a joke. The lowest fixed rate avaialable is 1.25% for insured mortgages.

Confirmed with my sources that 1.28% Variable is applicable to conventional (non-insured) deals. The 1.25% rates mentioned are for insured deals, which is a different product. Kinda like comparing apples to oranges.

Don't forget the HPP program that CIBC offers which gives you auto approval for increased LOC as you pay down the mortgage, without a need for a new application/credit pull. I don't believe HSBC or other lenders have this (except BMO and RBC).

Lastly, the variable rate term only has 3 month penalty if you break the mortgage, whereas you would have to pay the full interest if you break the fixed term mortgage.

So to laugh at the current offer and compare it with 1.25% for a different product (insured) seems a bit odd to me. Thanks OP for the deal +1 upvote from me.

Note: Insured rates are usually lower since the lender has the insurer's approval, but the applicant would have to pay for the insurer's premium of ~3% on top of the mortgage rate.

Last edited by azn_sicko on Feb 9th, 2021 12:03 am, edited 1 time in total.

+21

Feb 8th, 2021 6:08 pm

#20

sarsshadow: Sr. Member; Oct 3, 2008; 593 posts; 166 upvotes; Scarborough

Feb 8th, 2021 6:08 pm

please pm me contacts too

CIBC Mortgage Speical 5 years variable 1.28%

[CIBC] CIBC Mortgage Speical 5 years variable 1.28%

Thread Information

Trending Hot Deals