Manage your mortgage

Do more with your mortgage. Find out how you can save money on interest, use your home equity to fund future plans and make extra payments to own your home sooner.

Call 1-888-866-0866

Experience you can trust

As a direct banking service of CIBC, you can rely on us. We’ll take the time to understand your future goals and help you get there.

"I identify your needs and help you with solutions for your mortgage, refinancing or debt-consolidation goals and find a solution that best fits your situation."

– Theepan L., Mortgage Specialist

Check out our mortgage rates

Fixed rate mortgages

Term

5 year

Special rate^§

2.94^%

APR

2.96^%

Applies to new mortgages of owner-occupied properties with an amortization of 25 years or less.

Variable rate mortgages

Term

5 year

Special rate^§

3.20^%

APR

3.22^%

Applies to new mortgages of owner-occupied properties with an amortization of 25 years or less.

Annual Percentage Rate (APR) is the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.

Mortgage rates Mortgage prepayment options

Renew with us

It’s been great so far. Let’s keep this relationship going. You’ll get the same hands-on support as always when you choose to renew with us.

Prepay as much as you like

Make additional payments at maturity without restrictions and prepayment charges.

Lock down a great rate early

Renew your mortgage early and take advantage of our great rates. No added charges.

Easy to switch to fixed

Make the switch from variable to a fixed mortgage of 3 years or greater at any time during your term.

Renew early Select to show or hide information.

We offer a 150-day early renewal option so you can get the best possible rate. Lock in early and you could save money on interest payments in the long run.
Renew at maturity Select to show or hide information.

Still thinking it over? No problem. A mortgage specialist will contact you before your maturity date to discuss your options. Talk to them about any changes to your lifestyle, your future plans or rate preferences. They’ll help you find a mortgage that fits your needs and your budget.
Receive your renewal offer Select to show or hide information.

Our mortgage specialists will answer your questions and lay out all your options. Once you’re happy, you’ll get a renewal offer and agreement to review and sign.

Our mortgage specialists are here for you

They'll help you understand the renewal process and find a mortgage that's right for you.

Call us at 1-888-712-7315Opens your phone app.

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Refinance with us

Get more out of your home. Refinance your home and use the equity for whatever you need. You can pay off existing debt, fund home improvements, buy a second property or grow your investments.

Access up to 80% of your home’s appraised value

Lock in your rate for 60 days

Renovate your home

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Pay other bills

Grow your wealth

We can help you understand your refinance options.

Call us at 1-888-276-3744Opens your phone app. or apply onlinefor a Simplii Financial mortgage. Opens a new window in your browser..

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Manage your mortgage payments

You've got multiple ways to pay your mortgage. We're flexible so you can be.

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Prepay and own your home sooner

Make payments of up to 20% of your original mortgage amount per year without prepayment charges. Applies to fixed rate mortgages with at least a 2-year term or on variable rate mortgages. Adjust your schedule to squeeze in more payments or increase the amount of payments. You'll save on interest and become mortgage-free sooner.

Increase your regular payment amount each year Select to show or hide information.

Get closer to owning your home with flexible payments. On fixed rate mortgages with a term longer than six months, increase your regular payments by up to 25% of the original amount without paying a prepayment charge. If you have a variable rate mortgage, you can increase your regular payments once a year by as much as you like, as long as the amortization isn't reduced to less than 5 years. Ask a mortgage specialist for details.
Make payments more frequently Select to show or hide information.

Change your amortization and payment schedule and get closer to a mortgage-free life. The longer the amortization, the lower your payments. But you’ll pay more interest in the long run. If you want to own your home sooner, change your payment schedule from monthly to accelerated weekly or accelerated bi-weekly.
Pay more than the prepayment privilege Select to show or hide information.

If you prepay more than your annual prepayment privilege, you'll pay a prepayment charge. The cost depends on a number of factors, including the amount you prepay. To get an estimate of how much the prepayment charge could be, use the mortgage prepayment charge calculator¹.

Learn more about prepayment

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Thinking of moving on? Let's talk.

We know life happens. There might be a few reasons you may need to break your mortgage:

Sell your property
Transfer your mortgage

If you break your mortgage, you'll have to pay a prepayment charge. To find out which mortgage transactions may result in a charge, explore our prepayment options.

Staying with Simplii has its benefits. Call one of our mortgage specialists and chat about how we can make your experience better.

Our mortgage names have changed

As of November 1, 2017, your mortgage may have a new name.

Show mortgage names

Get dedicated support when you need it

No need to make an appointment or rearrange your schedule to get your questions answered. Our mortgage specialists will get back to you within one business day.

"Your home is your largest asset. I pride myself in providing sound advice to place you in the best position today while also considering your future needs."

– Domenic P., Mortgage Specialist

Former product name	Simplii product name
Points Plus Mortgage	Simplii Financial™ Fixed Plus Mortgage
Variable Rate Mortgage	Simplii Financial™ Variable Rate Mortgage
Basic Mortgage	Simplii Financial™ Fundamental Mortgage
Fresh Cut No Points Mortgage	Simplii Financial™ Fixed Rate Mortgage
Fresh Cut Mortgage	Simplii Financial™ Starter Mortgage
Cash Back Mortgage	Simplii Financial™ Cashback Mortgage
Convertible Mortgage	Simplii Financial™ Convertible Mortgage