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CIBC introduces more choice and convenience for Canadians renewing their mortgage
CIBC introduces more choice and convenience for Canadians renewing their mortgage Canada ...
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"\n\n\nCIBC introduces more choice and convenience for Canadians renewing their mortgage\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nCIBC poll finds most Canadians seek stability in changing rate environment; new digital tool enables personalized estimate in minutesTORONTO, April 10, 2026 /CNW/ - CIBC announced today the launch of a new digital tool designed to make it easier for Canadians with mortgages coming up for renewal to get a personalized estimate and special rate in minutes, showing what their payments will be should they choose to switch their mortgage to CIBC, while providing a seamless self-serve experience in just a few easy steps.\n\n\n\n\n\n\n\nAccording to a recent CIBC poll, more than one third (35 per cent) of Canadian mortgage holders expect to renew their mortgage in the next two years, with 60 per cent of those renewing saying they plan on choosing a fixed rate.  \"In today's changing rate environment, Canadians are looking for more certainty,\" said Mudit Jain, Senior Vice-President, Borrowing Solutions, CIBC. \"We understand that renewing a mortgage can feel overwhelming as there is a lot to consider such as rate options, amortization period, payment frequency, your current circumstances and future goals. This new tool gives Canadians the flexibility to explore their mortgage options at their convenience while locking in a competitive rate. Most importantly, it connects them with a financial advisor for personalized advice and support.\"The digital switch tool is available to all Canadians on cibc.com and provides an estimate within minutes without affecting one's credit score.The poll also revealed that more than half (55 per cent) of mortgage holders worry about making the wrong decision when renewing their mortgage and nearly half (48 per cent) agree that they need assistance from a mortgage advisor when renewing.\"For homeowners whose mortgage is up for renewal, this is an excellent opportunity to also review your holistic financial picture,\" added Mr. Jain. \"Meeting with a financial advisor can help to determine...