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Homes: Arranging Your Mortgage

(NC)-If you're planning to buy a new home, you've likely been researching your mortgage options. One area that can provide you with a wealth of information is the Internet.

CIBC's site at www.cibc.com offers virtually everything you need to know about mortgages, including an on-line application.

You'll find out how to apply for a pre-approved mortgage certificate on-line. This guarantees you a set interest rate for 90 days on a resale home and new construction.

You can print out a handy house hunting check list to help you determine the type of home that's best for you. A section on additional costs will help you build a realistic budget and a Calculate What You Can Afford calculator will determine the maximum price you can afford. Other useful features include a chart of current mortgage rates and a description of the various types of mortgages. Once you've gathered all the information you need to know, you can apply for your mortgage on-line. It's that easy! There's even an interactive section on how to pay down your mortgage to become Home Free faster.

Buying a home is one of the most important decisions you'll ever make, so it pays to be well informed.

For more information about applying for a mortgage online, check out CIBC's website at www.cibc.com/mortgages or talk to a CIBC advisor, visit your nearest CIBC branch or call 1 800 465-CIBC (2422).

- News Canada