New Program Offers Additional Flexibility to Borrowers

Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, today introduced its Interest-Only Product Enhancement. The addition of the Interest-Only Product Enhancement expands CMS’s impressive collection of non-agency products offered through all loan origination channels, which include Wholesale, Retail and Correspondent lending.

“Carrington’s Interest-Only Product Enhancement is the latest entry to our product offerings for borrowers, brokers and correspondent sellers,” said Ray Brousseau, President of CMS. “Interest-Only adds yet another level of flexibility to our industry-leading products.”

A standard loan payment on a traditional mortgage includes interest and principal. Carrington’s Interest-Only Product Enhancement provides a flexible payment option that allows borrowers to pay just the interest with their monthly payment. For borrowers who want

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