Mortgage payment options

You have flexibility when it comes to your CIBC mortgage payments. Learn about paying off your mortgage faster, navigating interest rate changes and more.

Thinking about changing your mortgage payments?

Learn how our range of mortgage payment options can fit your financial situation.

What are mortgage prepayment charges?
Before you make an extra mortgage payment, learn about prepayment options and charges.

How to pay off your mortgage faster
There are several ways you can pay off your mortgage sooner, including taking advantage of prepayment privileges and making annual lump-sum payments.

The benefits of flexible mortgage payments
Discover simple payment changes that can make it easier to pay off your mortgage.

Try our mortgage calculators

Find out how changing your payment frequency and making prepayments can save you money.

Discover what it may cost to pay all or part of your closed mortgage before the maturity date.

Have mortgage payment questions? We can help.

We understand the financial challenges you may face as a homeowner. You have options if you’re having difficulty keeping up with your mortgage payments.

Get financial assistance

If you can't afford your mortgage payment or might miss a payment, reach out as soon as possible to discuss your options.

Prepare for interest-rate changes

Discover the options available to help you make informed financial decisions in a rising rate environment.

Questions you can ask our mortgage experts

We understand you may be exploring your mortgage options and have questions, concerns or goals you’re working toward. Whether you’re speaking with an advisor or reaching out to our Mortgage Contact Centre, we’re here to support you along your mortgage journey.

Here are some common questions our clients ask us:

Can I have a summary of what my mortgage principal looks like today?
Which account does my mortgage payment come out of?
How much of my payment is going toward principal versus interest?
What is my mortgage maturity date or renewal date?
What are the differences between a fixed and variable rate mortgage? What are the pros and cons of each?
What happens when my mortgage is up for renewal? How should I be preparing?

Ready to talk about mortgages?

We can answer your mortgage questions even if you're just exploring options.

One of our specialists at the Mortgage Contact Centre can help you with your inquiry.

Book a meeting with us online or at your preferred branch, or schedule a phone call with an advisor.