5.03% 8 Year Fixed Closed
Type: Bank
Serviced provinces: All Provinces
Simply put, President's Choice Financial® services* is all about unprecedented value.rnrnIn fact, that's what the President's Choice philosophy has always been about. So the President's Choice team searched the world to bring unprecedented value in banking to consumers.
President's Choice Financial services are provided by the direct banking division of CIBC.
Mortgage Features
| Minimum mortgage amount: |
$35,000 |
| Rate guarantee period: |
120 days |
| Max Amortization: |
35 years |
| Allowable lump sum repayment: |
up to 20% of your original principal |
| Maximum payment increase: |
up to 25% a year non-cumulative |
| Payment Holidays: |
skip one payment |
| Conventional: |
 |
| High Ratio: |
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| Assumable: |
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| Portable: |
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Payment Details
| Monthly payment*: |
$503.29 |
| Principal repayment over term*: |
$10,404.61 |
| Interest paid over term*: |
$37,911.32 |
|
* Based on $100,000 mortgage and 35 years amortization.
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