Where 3.44% mortgage rate beats 2.74% in 5 years term

[dkwan]

If you want to execute my plan, you need to stay with cibc the entire term.

 

[sjs]

I see. Then you might not be able to get a competitive rate when it comes to renew your mortgage 5 years later as an existing customer.

 

[dkwan]

I believe this 3% cash back program is for mortgage over 400k

 

[sjs]

Yes. 2% for mortgage less than 400k.

 

[dkwan]

I am sure many other people have heard of cash back mortgage, but there are more people are always looking for lower rate.
The point I am making is, to aware people, package is also important.
A 3.44% interest rate actually beats 2.77%, that's interesting.

 

[smartgirl]

Why you have such a conclusion? I don't know why you are so upset?

你误会了，我不是upset，只是觉得CIBC给的5年2.34%的利率很低，不理解而已，当然对我们来说是好事。 我也想去CIBC了。

“If you want to execute my plan, you need to stay with cibc the entire term.” 你指的是整个amortization的30年？还是这5年？

 

[dkwan]

5 years only.

 

[ACCA]

what a plan! up

 

[karma111]

3% cashback,#2实际利息比#3低几个base points而已, 5年节省 $500，一年节省$100利息。