Party on, Garth!
CIBC offers 7% bonus loan on top of your existing mortgage balance.
I don't even see anything about needing to have any equity or an appraisal. I hope that falls under the vague "standard lending requirements" in the fine print.
CIBC Up to 7% Cash Back Offer could be for you if you:
- Want to renovate, furnish or decorate your home
- Would like to take a dream vacation
- Want to prepare for any unexpected moving expenses
- Want to make an additional lump sum payment on your mortgage
- Need money for a special upcoming event such as an anniversary, wedding or child on the way
- Want to renew an existing mortgage early, or transfer your mortgage from another financial institution and have prepayment costs to pay
- Want to purchase investments, open an RESP or make an RRSP contribution
CIBC Up to 7% Cash Back Offer Key Benefits:
Saves you money
- You get up to 7% cash back based on your mortgage amount and term1, to spend however you choose
- This cash back amount is completely tax-free **
- There are no cash maximums - the larger your mortgage, the more cash back you receive
HT: Mish
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