Program Overview Brand to Brand Refinance Giving you the tools to succeed

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 2 Introduction FirstLine Mortgages is committed to helping our broker partners grow their business. We do this by offering innovative product solutions with reduced documentation requirements and streamlined processes. FirstLine’s unique Brand-to-Brand Refinance Program allows traditional income verification requirements to be waived for qualified applicants who have an existing CIBC Brand Mortgage.

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 3 Program Benefits Fast and Easy Process Declared Income used for Simplified Qualification Income Documentation Requirements Waived GVS Eligible Reduced Turnaround Time on Commitments Reduced Turnaround Time to Final Approval

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 4 General Eligibility Criteria Existing CIBC Brand Mortgage  FirstLine  CIBC  PCF  Sutton Refinance Increase Amount  Minimum Increase of $10K Conventional Lending Only  Maximum LTV = 80% Owner Occupied Residential Properties  Up to and including 4 Plex

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 5 Existing Mortgage Criteria To be eligible for the Brand-to-Brand program the following criteria apply:  First charge mortgages only  Existing mortgage has been under repayment for a minimum of 12 months with NO ARREARS  All borrowers and guarantors remain the same as on the original mortgage

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 6 Quick Reference Chart (Mortgage Balance & Bureau Score) Mortgage AmountLess than $750KBetween $750K & $1MM Bureau Score (Primary Applicant) Bureau Score (Co-Applicant) N/A600 ETO Limit Max $500K ETO (CAP may be removed if Primary Bureau score is 680+) Max $500K ETO (CAP may be removed if Primary Bureau score Is 680+ and Co-App Bureau score is 600+) Income Sources Canadian & Foreign Canadian & Foreign Appraisal GVS (Full Appraisal required if not GVS Eligible) Full Appraisal Required

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 7 Credit Bureau Criteria To be eligible for the Brand-to-Brand program the following credit bureau criteria apply:  New credit reports must be obtained for all borrowers and guarantors  Current credit rated R1 or R2 for all applicants  No derogatory credit, Orderly Payment of Debts, consumer proposal, voluntary repossession, foreclosure or bankruptcy on file Considerations:  Collection items under $1000 with a ‘make sense explanation’  Collection items must have already been repaid  Collections in dispute will require documented proof

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 8 Co-Applicant Credit Bureau Exceptions to the Co-Applicant Credit Bureau will be considered when:  The co-borrower is the spouse of the primary borrower  The principal borrower meets the minimum required bureau score threshold  All of the borrower’s debts are with CIBC and are Joint with their spouse  The co-borrower’s bureau score is zero due to no borrowings reported on the credit bureau

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 9 GVS Criteria Maximum Eligible GVS Amount  $500K GVS Exception permitted up to $750K in:  Greater Toronto  Greater Vancouver  Greater Calgary ! A full appraisal will be required for applications that are not GVS eligible.

Applicant(s) and Property must meet FirstLine Mortgages Lending Criteria. Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version Sept 2008 Page 10 If the deal does not fit the program We have options! What happens if the deal doesn’t fit?  Deals that do not fit the Brand-to-Brand refinance program will be considered and underwritten under standard guidelines. Still have Questions? As Your Regional Business Manager I can help provide:  More information on this program  Insight into additional requirements that may apply based on your customers unique situation  Information on similar programs with reduced documentation requirements  Assistance on deal structuring  Assistance on application submission

Content is Subject to Change without further notification. TM Trademark of CIBC Mortgages Inc. The FirstLine Mortgages Logo is a Trademark of CIBC Mortgages Inc. Version 1.0 Partnering for Success!