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CMI Canadian Mortgages Inc

CMI Canadian Mortgages Inc. has earned a reputation as one of Canada’s leading non-bank private lenders since its inception in 2005. With a commitment to serving the mortgage brokerage industry and investors, CMI specializes in providing swift and flexible mortgage solutions.

Highlights of CMI’s Lending Services:

  • Loan-to-Value (LTV) Offers: CMI provides LTVs up to 75% in urban centers and up to 70% in rural areas, assessing each case individually. They also offer high-ratio mortgages as bundles, extending up to 80% LTV for qualified borrowers.
  • No GDS/TDS Restrictions: Reflecting their flexible lending criteria, CMI does not place restrictions on Gross Debt Service (GDS) or Total Debt Service (TDS) ratios, making their loans accessible to a broader range of clients.
  • Credit Score Flexibility: Recognizing the importance of comprehensive evaluations, there is no minimum Beacon Score requirement for borrowers, enhancing opportunities for financing irrespective of credit history.
  • Amortization and Payment Options: CMI offers flexible amortization options, which can extend up to 40 years, & interest-only payments are available to suit different financial plans. Prepayment options spanning 3 to 12 months are also available.
  • Loan Amounts and Terms: CMI considers loans from $50,000 to over $1,000,000, with tailored terms of 3, 6, or 12 months and custom arrangements to fit unique borrower needs.
  • Open and Closed Terms: Both open and closed mortgage options are available, with a 3-month penalty applicable on early payouts for closed terms, offering flexibility in loan repayment strategies.
  • Property Types: CMI accommodates financing across all residential property types, demonstrating their capability to cater to a wide variety of real estate financing needs.
  • Efficient Processing: CMI is noted for its fast financing approvals, which can be especially vital for clients facing time-sensitive situations or who have been turned down by banks at the last minute.

In partnership with CMI Canadian Mortgages Inc., I, Elvira, offer my expertise as a mortgage broker committed to delivering custom private mortgage options. Whether it’s a last-minute withdrawal from the bank or a need for non-traditional financial routes, my service is geared towards providing you with a seamless experience that addresses your specific mortgage requirements. If your situation calls for the versatility and quick turnaround of CMI’s private lending solutions, reach out to me, Elvira, to explore how we can achieve your mortgage financing goals together.