CMLS Financial has been a part of the financial industry for over 40 years. CMLS manages just under $15 billion in assets under administration.
Their roots began in commercial lending, and approximately 3 years ago, they created their residential lending division.
If there could be a cool kid on the block for mortgage lending, these guys are it.
CMLS Financial has several lending options that make a difference for Canadians. They offer competitive lending products that ultimately help you save money, and help you qualify.
They are a true broker lender. CMLS Financial sources their mortgage funds from large industry investors. These investors time their investments to provide better interest rates than the institutional banks.
Whether you are purchasing, refinancing, or switching your mortgage, the underwriting team at CMLS Financial is dedicated to providing fast turnaround time for your application.
No relationship banking required, or extra hoops to jump through. They are only interested in providing you a competitive mortgage.
Accelerated bi-weekly and weekly payment frequencies are offered.
Purchase + Improvements, New to Canada, and 2nd home purchases are a sample of the available lending programs they offer.
Prepayment privileges are ‘industry best’ with up to 20% per year allowed, based on the original amount borrowed. Prepayments can be in amounts as low as $100, and can be made throughout the year. You are not limited to just once a year on the anniversary date. You can also increase your payments by up to 20% as well.
Authorized lender for CMHC & Genworth.
Whether for commercial or residential, for purchasing, refinancing, or switching your mortgage, CMLS is a fantastic lender choice.
CMLS is a monline lender. For more information on what a monoline lender is and their role in the mortgage market, click here.