IBMC Payment Options

Payment Options:IBMC Payment Options

 IBMC customers have four payment options:

• Payment Coupons – Monthly mortgage payment is mailed to lock box for processing.

• ACH Debit – SURE-PAY – Monthly mortgage payment is debited from the bank account on either the first business day or fifth day of the month at no cost to borrower.  Option requires customer to complete the SURE-PAY Application Form.

• Bi-Weekly Service – Service provided by IBMC where one-half of monthly mortgage payment is debited from the bank account every other Friday, which results in an extra payment applied directly towards the principal balance each year.  There is a nominal one time setup fee of $50.00 and a $2.00 per drafting fee for this service. Option requires customer to complete the Bi-Weekly Enrollment Form.

• ACH Payment via Website – Borrower can at their convenience remit monthly mortgage payment via our website – www.myibmcloan.com.  There is a $5.00 fee for this service.