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The Financial Components of Mortgages

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...

Why do lenders deal with mortgage brokers?

by Cain Daniel | Feb 4, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog

You might think that since the mortgage broker finds the borrower, the lender doesn’t have to pay the costs associated with obtaining that borrower, such as advertising and marketing, having branch offices, etc., and therefore dealing with mortgage brokers is more...
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