CIBC Mortgage Affordability Calculator

CIBC offers different types of home loans to fit your needs. With a fixed-rate mortgage, your monthly payments stay the same, which is suitable for planning your budget. Terms can be as short as 6 months or as long as 10 years. 

If you prefer more flexibility, a variable-rate mortgage might suit you. These have interest rates that can go up or down. Plus, you can pay off your loan faster if you want. 

CIBC also has special loans like the Home Power Mortgage for people who want to borrow against their home and a mortgage for self-employed people who can’t show a regular income.

• CIBC Convertible Mortgage is a short, 6-month loan that you can easily turn into a longer loan later. 
• The Variable Flex Mortgage has a changing interest rate but lets you pay off up to 20% of the loan each year without extra fees. It even lets you switch to a fixed-rate mortgage. 
• The Variable-Rate Open Mortgage also has a changing rate but lets you make extra payments whenever possible. 
• CIBC Wealth Builder Mortgage lets you lock in a fixed rate and helps you save money for other things like retirement or college.
• With the Cash Back Mortgage, you can get up to $4,000 back to use any way you like, such as fixing up your home. 
• The Home Power Mortgage lets you borrow extra money by using your home as security, and it offers a way to pay off debts more easily with a lower interest rate.