by Cain Daniel | Feb 23, 2015 | Becoming a Mortgage Broker, REMIC Blog
A career as a mortgage broker A career as a mortgage broker or agent can be both financially and personally rewarding. As the individual responsible for bringing borrowers and lenders together, you will typically be compensated by the lender in the form of a...
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...
