Almost 28,000 customers will be refunded about $7.1 million including interest
New feature lowers monthly payments, assists in managing cash flow
New product has an interest rate adjustment every six months instead of every year
Company offers friendlier debt servicing to help with rising prices
Product offers homeowners a fixed rate combined with a variable rate
New option helps keep monthly mortage payments affordable
Maple acquisition brings 42,000 mortgages
Positive results from Ontario test phase
Further 10% increase expected in 2006, says CIMBL
Long-term rates rise by 0.10%