The amount of the commission depends on the type of your mortgage loan: variable or fixed rate, so:
- for a variable mortgage, you will pay 3 months’ interest
- for a fixed home loan, you will be charged 3 months’ interest or the interest rate differential depending on what is greater
You can get more detailed calculations in the mortgage calculator on the bank's website.
Read also:
- CIBC home insurance
- CIBC mortgage advisor salary
- CIBC mortgage disability insurance offer
- CIBC mortgage prepayment charge
- CIBC mortgage statement payout request: how to make
- Cash back mortgage proposal in CIBC
- Does CIBC cooperate with mortgage brokers
- What is a pre-approved mortgage CIBC certificate?
- What is the CIBC mortgage number?
- What is the CIBC prime rate?