Custom Terms. Flexible Payment Options.
CMI offers flexible terms that typically range from three to twelve months no matter what mortgage solution your client needs. Custom terms are available if your client needs a shorter or longer term.
We’ll work with you to provide your clients with flexible payment and prepayment options. We can offer interest-only payments or arrange to prepay their mortgage for a portion or for the full term.
A CMI private mortgage is generally open on three months prepayment. This differs from many of our competitors who generally charge interest payments to the end of the term.
If your client wants to pay out the remainder of their mortgage, they can simply make a three-month prepayment. If the prepayment is in the last three months of the mortgage, the client only needs to prepay the interest owing for the remainder of the term.