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There are many different mortgage products available out there and you definitely have
to pick up the one that suits you best.
But something I really like is CIBC's Home Power Plan.
And the reason is, it's not only a mortgage, it's also a line of credit, so it gives me
some flexibility.
I mean, you look at the property and you're talking about maybe unexpected expenses or
you've got to repair a roof,
but also the idea of doing upgrades to a place overtime.
Well, with the CIBC Home Power Plan, you've got the mortgage, it's being paid down, but
as you pay down that mortgage you're also building up an available line of credit.
The beauty is, you never pay interest until you use that line of credit, so it's there
for you whether you need emergencies, whether want to do upgrades,
it's built-in brilliance