by Cain Daniel | Feb 25, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Co-Ownership of Real Property Property can be owned by an individual or by several individuals, referred to as co-ownership. Co-ownership occurs in one of two ways: by a tenancy in common or through a joint tenancy. Mortgage brokering in Ontario is...
by Cain Daniel | Feb 20, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The following four expectations form the cornerstone of the transaction. By ensuring that these expectations are met, the mortgage agent will develop a strong relationship with the borrower and ensure that the industry as a whole is well represented. The best...
by Cain Daniel | Feb 16, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, Real Estate Appraisal, REMIC Blog
The Direct Comparison Approach The direct comparison approach in determining the market value of a property is the most appropriate for mortgage financing and is therefore relied heavily upon in the appraisal report. This method uses the principle of...
by Cain Daniel | Feb 13, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Referrals refer to those clients who have been advised to do business with the mortgage agent by a third party. A client may be referred to him or her by a financial planner, a Real Estate saleperson, an insurance agent, a past client, or whoever has come into...
by Cain Daniel | Feb 11, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The Financial Components of a Mortgage The basic premise behind every mortgage is the borrower’s promise to repay the amount borrowed. There are several components to a mortgage, as is illustrated in the Standard Charge Terms, but at its core a mortgage payment...
by Cain Daniel | Feb 9, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Real estate property appraisals for mortgage financing A mortgage lender is interested in knowing what the market will pay for a property under normal circumstances. A real estate appraiser will produce a document called an appraisal that calculates the market...
