CIBC Caribbean mortgage questions

For a CIBC Caribbean mortgage conversation, go in knowing your purchase price, available deposit, income and existing monthly debt. Those figures shape the discussion quickly.

Start with affordability

Ask how the bank calculates the amount you qualify to borrow and how existing loans, credit cards or other commitments affect that figure.

Clarify the property documents

Find out which valuation, title and sale documents must be in place before the application can move to approval.

Understand the payment after approval

Ask when repayment begins, how payments are collected and whether additional principal payments are allowed without penalty.