Effective July 1, 2011, the Quick Close Offer's discretionary pricing and cash back for the CIBC Variable Flex Mortgage are changing. These changes allow you to stay competitive in the marketplace with a great rate and help CIBC attract clients from other financial institutions.
- The CIBC Variable Flex Mortgage no longer has a Jumbo category (3% cash back).
- The 2% cash back offer remains in effect:
The discount on the CIBC Variable Flex Mortgage decreases to 25bps off (2.60%) the posted rate from 35 bps off (2.50%) the posted rate
All other terms and conditions of the Quick Close Offer will remain them same.
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This offer gives you cash back based on your mortgage amount and term, and is available if you are approved for a 3, 4, 5, 7 or 10-year closed, fixed-rate residential mortgage.
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