† High-ratio rates are available only for a new, high-ratio 5-year Simplii Financial® Fixed Rate or Variable Rate Mortgage of an owner-occupied property where the principal amount of the mortgage is $35,000 or more and the amortization is 25 years or less. Rates shown for the applicable term are Simplii Financial’s special discounted rates and aren’t the posted rates of Simplii Financial. Simplii Financial reserves the right to determine, in its sole discretion, at what point in time a borrower has submitted a mortgage application for credit adjudication. All applicants must meet the Simplii Financial lending criteria and mortgages are subject to credit approval. Rates are subject to change. The special rate offer may be withdrawn for any reason without notice at any time. The special rate offer can’t be combined with other promotional offers and may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by Simplii Financial in its sole discretion.
‡ Special rates apply only to new mortgages of owner-occupied properties with an amortization of 25 years or less. Annual Percentage Rate (APR) is based on a new $400,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $300. Rates shown for the applicable term are Simplii Financial’s special discounted rates and are not posted rates of Simplii Financial. Offer may be changed, withdrawn or extended at any time, without notice. Offer cannot be combined with other offers and is not available on variable rate, cashback fixed rate mortgages, existing Simplii Financial mortgages or mortgage renewals.
APR means 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.
◇ Cashback offer cannot be combined with any other offer. You must repay the entire Cashback Amount to us at the time of amendment, discharge, payout, transfer, assignment, refinance, port, assumption, conversion, early renewal, or sale under power of sale or foreclosure. Cashback offer is not transferable and is available only on 5, 7 or 10 year closed, fixed rate mortgages. Offer may be limited or cancelled at any time and cannot be combined with other offer(s). Other conditions apply; ask for details.
†† Rate based on CIBC prime. Prime means the variable interest rate declared by CIBC from time to time to be the CIBC prime rate for Canadian Dollar loans made by CIBC in Canada. CIBC prime rate is subject to change. Your rate will vary whenever CIBC prime rate varies or whenever we change your variable interest rate in our sole discretion.