by Cain Daniel | Mar 20, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
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...
by Cain Daniel | Mar 18, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Power of Sale in Ontario The power of sale in Ontario begins when a borrower defaults on his or her mortgage obligations, including any of the covenants contained in the Standard Charge Terms, the lender can consider the borrower to be in default. When this...
by Cain Daniel | Mar 16, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, REMIC Blog
What are the costs involved in becoming a licensed mortgage broker / agent in Ontario? Updated September 30, 2020 To begin your journey in your new mortgage career you will need to take the mortgage course. REMIC’s course, considered by many to be the best in the...
by Cain Daniel | Mar 9, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Pros and Cons of a Fixed Rate Mortgage Also known as the partially amortized, blended constant payment mortgage with a fixed rate. The fixed rate mortgage is the most common repayment plan in Canada today. This mortgage has several characteristics. ...
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...