February 11, 2015
The Financial Components of Mortgages
The Financial Components of a Mortgage The basic premise behind every mortgage is the borrower’s promise to repay the amount…
REMIC Blog
Straight from the Experts: Your Guide to Mortgage and Insurance Licensing!
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February 9, 2015
Real estate property appraisals for mortgage financing
Real estate property appraisals for mortgage financing A mortgage lender is interested in knowing what the market will pay for…
February 4, 2015
Why do lenders deal with mortgage brokers?
You might think that since the mortgage broker finds the borrower, the lender doesn’t have to pay the costs associated…
February 2, 2015
What is a high ratio mortgage?
What is a high ratio mortgage? A high ratio mortgage is a mortgage that exceeds 80% loan to value. This…
January 28, 2015
What is a Reverse Mortgage?
What is a Reverse Mortgage? A Reverse Mortgage is a type of interest accruing mortgage that is typically provided to…
January 26, 2015
What is loan to value ltv and how is it calculated?
The loan to value of a mortgage is defined as the amount of the loan, in dollars as a percentage…
January 23, 2015
Loan to value – what is it and how do you calculate it?
What is loan to value (ltv)? The ltv is the amount of the loan, in dollars, in relation to the…
January 21, 2015
Using registered funds for a mortgage investment
Registered funds and mortgage investments Registered funds typically eligible for use in a mortgage investment are RRSPs, LIRAs, LIFs, RRIFs,…
January 19, 2015
What is a collateral mortgage?
Unlike a standard mortgage that places a charge on title, a collateral mortgage, which has been around for years but…
January 16, 2015
The purpose of using a mortgage
The purposes of using a mortgage There are traditionally four distinct purposes for using a mortgage: 1) Purchase, 2) Refinance…
January 14, 2015
What is a mortgage broker?
What is a mortgage broker? A mortgage broker is a practicing professional who assesses a borrower’s financial goals with respect…
January 12, 2015
Choosing the right mortgage brokerage to work for
Choosing a mortgage brokerage Choosing a mortgage brokerage for whom to work can be a difficult process if you don’t…
