by Cain Daniel | Jan 21, 2015 | Mortage Investments, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Registered funds and mortgage investments Registered funds typically eligible for use in a mortgage investment are RRSPs, LIRAs, LIFs, RRIFs, RESPs and TFSAs. The benefits of using registered funds to invest is that the income generated will be tax...
by Cain Daniel | Jan 19, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Unlike a standard mortgage that places a charge on title, a collateral mortgage, which has been around for years but typically only used for secured lines of credit, is a promissory note with a lien on the property for the total amount registered. You can...
by Cain Daniel | Jan 16, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The purposes of using a mortgage There are traditionally four distinct purposes for using a mortgage: 1) Purchase, 2) Refinance 3) Equity take-outs, and 2) Bridge Financing Purchase People use mortgages to assist in purchasing a home in combination with a down...
by Cain Daniel | Jan 14, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is a mortgage broker? A mortgage broker is a practicing professional who assesses a borrower’s financial goals with respect to real estate financing and, after detailed analysis, provides solutions to meet those goals by acting as an intermediary with the...
by Cain Daniel | Jan 12, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Choosing a mortgage brokerage Choosing a mortgage brokerage for whom to work can be a difficult process if you don’t know what questions to ask or what to look for. With several hundred brokerages licensed in Ontario, you certainly have choice, so the first tip...
