> For the complete documentation index, see [llms.txt](https://mortgagefi-docs.gitbook.io/mortgagefi-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mortgagefi-docs.gitbook.io/mortgagefi-documentation/getting-started/tutorials-step-by-step/how-to-open-a-cmp.md).

# How to open a CMP

Navigate to the [markets](https://markets.mortgagefi.app/markets) page and identify which product card offers the asset you wish to borrow against

<mark style="color:orange;">(i)</mark> Check that the asset price matches the current market price (unlike [Mortgages](/mortgagefi-documentation/introduction/mortgage-product.md) [CMPs](/mortgagefi-documentation/introduction/collateralised-mortgage-position-cmp.md) use the current market price to set the value for your Mortgaged asset)

<mark style="color:orange;">(ii)</mark> Click on the CMP button to enter the CMP page

<div align="left"><figure><img src="/files/0pQx4nUOcWVKGZlLaNHv" alt="" width="375"><figcaption></figcaption></figure></div>

<mark style="color:orange;">(i)</mark> Enter the amount of the asset you wish to borrow against in the input box\
\ <mark style="color:orange;">(ii)</mark> Check the amount of synthetic yielding stable coins you will receive. This will be 98% of the USD value of the assets you are depositing\
\ <mark style="color:orange;">(iii)</mark> Check the size of the loan amount within the Mortgage (this does not include the 2% deposit/down payment)

<mark style="color:orange;">(iv)</mark> Check the mortgage monthly repayment amount

<mark style="color:orange;">(v)</mark> Check the interest rate of the Mortgage position yo will be receiving

<mark style="color:orange;">(vi)</mark> Ensure you have enough funds to create the position in your connected wallet (example cbBTC) and click the Open CMP button

<div align="left"><figure><img src="/files/nesCxu7X4XL3XOejxQGw" alt="" width="375"><figcaption></figcaption></figure></div>


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