Robert McLister·General·May 21, 2012Restrictive Term A highly inflexible type of closed mortgage term. Generally, a restrictive term mortgage cannot be broken before maturity unless you sell your home. Some restrictive term mortgages let you renegotiate early, but only if you do so with the lender that has the mortgage. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.