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Private Mortgage Lenders in Ontario Private mortgage lenders in Ontario have always been and continue to be a major source of funds for many mortgage brokers. Until the recent influx of institutional sub-prime lenders into the market, the primary means of...
Standard Charge Terms Borrower Covenants The Standard Charge Terms is a document that is created by the lender and must be registered with the Director of Titles under the Land Titles Act. Many lenders’ Standard Charge Terms can be viewed...
Thank you for attending our webinar on commercial mortgage brokering. You can download the slide deck by scrolling to the bottom of this page. To view upcoming webinars and events please go to www.remic.ca/events An Introduction to Commercial Mortgage...
How to Win a Face-2-Face Client Meeting There are three basic places where a mortgage agent can meet a client: The client’s home The mortgage agent’s office Another outside location. There are several positives and negatives for each location, but it is important to...
Top 3 things mortgage brokers needs to know about private mortgages – Slide Deck Thanks for joining us for this webinar (the download for the slide deck is at the bottom of this page). You can access our other information packed sessions, some free...
The interest only mortgage is straightforward. The borrower takes out a lump sum of money and only repays the interest due each payment period. This means that, throughout the life of the mortgage, the borrower will always owe the same amount of principal....
What is a mortgage? According to the Ontario Mortgages Act, R.S.O. 1990 c.M.40 (the legislation that governs mortgages in Ontario), the word mortgage is defined as, “any charge on any property for securing money or money’s worth.” Most consumers would not...
5 Points of Success Webinar We have had the pleasure of working with many individuals who truly embody the essence of success in both their business and in life. We have found over and over again that those who are successful have similar behaviors and ways of seeing...
How to apply for your Mortgage Agent License in Ontario https://youtu.be/ZnPlLObOy2U Licenses are issued when approved, and are then renewed every two years on a fixed date. For example, March 31, 2012 and each two year period thereafter. Licenses for...
What is Mortgage Default Insurance? Mortgage default insurance is an insurance policy between the insurer and the lender that will compensate the lender for losses suffered on an insured loan. It’s important to note that mortgage default insurance does not...
What is Title Insurance? Who needs title insurance? Anyone who owns a house! Title insurance is a policy of insurance that provides coverage for the title-related risks associated with real estate transactions. It is designed to cover the...
The mortgage market in Ontario can be divided into two major areas of expertise: commercial and residential financing. Of course, in either specialization there can be sub-specializations. In other words, a commercial mortgage broker may focus on financing...