In June 2012, CIBC announced they would close Firstline Mortgages. All existing Firstline mortgage clients would be offered a CIBC brand mortgage renewal.
Hey, did anybody catch that? “…..offered a CIBC brand mortgage renewal.” This means your Firstline mortgage CANNOT be renewed into a Firstline brand because the brand is being discontinued.
In fact, in 2015, CIBC was sending all upcoming renewals a ‘Special CIBC Early Renewal Rate Offer’. My first piece of advice…If you get this, don’t sign it without reviewing with your Mortgage Broker. Read the rest of this entry »
