Double Presidential FirstLine Mortgages a subsidiary of CIBC Inc has a product that they have linked to the US presidential elections. Every election year this mortgage product will renew. With the current US election just around the corner you can lock in your rate for 4 more years, until November 12th, 2012. The advantage to you the consumer is that interest rates tend to come down during a presidential election year. This will give you a great opportunity to take advantage of potential dip in the mortgage rates and save the most money possible on your mortgage.
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