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Private Lending / Private Mortgages Please note: information in this article is not meant to be legal advice on private lending, private investing, private mortgages or any other topic, and is in reference to Ontario only. REMIC is licensed...
What is a monoline lender? A monoline lender is typically a non-bank lender (except Home Equity Bank that provides the CHIP reverse mortgage) that does not take deposits, have store fronts, or provide other non-lending products. Its sole business is lending. Mono is a...
Costs to get life insurance agent licensed by Province REMIC offers the HLLQP course (previously referred to as the LLQP course), in several Provinces across Canada. This article examines the licensing fees and costs for life insurance agents in each province. ...
The Ontario mortgage industry, the largest in Canada, has dozens of mortgage lenders for consumers to use, but not all of them are available to consumers without using a mortgage broker. It is important to know who those mortgage lenders are, and the products,...
What is a Permitted Client? For the purposes of Non-Qualified Syndicated Mortgages (NQSMI), a the definition of a Permitted Client is defined in Regulation 188/08, which refers to National Instrument 31-103, Registration Requirements, Part 1 – Definitions. ...
If you’re looking for a fulfilling career in the finance industry, becoming a mortgage broker might be the perfect fit for you. As a mortgage broker, you act as a liaison between borrowers and lenders, helping people find the best mortgage options for their unique...
If you're in the market for a new home, you may be wondering whether you should work directly with a lender or use the services of a mortgage broker. While both options have their advantages, using a mortgage broker can offer several benefits that make it a smart...
If you think getting a mortgage is as easy as qualifying based on your lender’s mortgage rate, think again! You have to pass a test; A stress test. What is the mortgage stress test? This is what the Office of the Superintendent of Financial Institutions...
How to become a licensed life insurance agent Career as a Life Insurance Agent begins with the HLLQP course (formerly the LLQP course). This is a fantastic industry with literally unlimited income potential. In Ontario there is a straightforward four step process to...
Current as of: 15/08/2023 Purpose To protect the health and safety of REMIC staff and students from the spread of COVID-19, this policy details the conditions under which individuals will be permitted in REMIC locations until further notice. Scope This policy...
HLLQP Licensing per Province – REMIC.ca REMIC offers the HLLQP course (previously referred to as the LLQP course), in several Provinces across Canada. This article examines the licensing fees and costs for life insurance agents in each...
What is Whole Life Insurance? Whole life insurance is a form of permanent life insurance that typically guarantees the premiums, the death benefit, and minimum cash surrender values (CSV) for the policy. It is sometimes referred to as “straight life” or “ordinary”...