by Cain Daniel | Mar 30, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
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...
by Cain Daniel | Mar 4, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Understanding Your Credit Score In understanding your credit score we must first define what it is. The Credit Score is a numerical representation of your current and past credit and can range between 300 (the lowest score representing the worst) and 900 (the highest...
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...
