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 | Mar 2, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Getting your real estate license vs. mortgage agent license So you want to be a Real Estate Salesperson, eh? (as of 2022) Real Estate Investment: $7,545 (Broker $9,105) VS. Mortgage Broker/Agent Investment: $1,600 Real estate sales can be a...
by Cain Daniel | Feb 27, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Mortgage Insurance vs Life Insurance There are two types of mortgage insurance (not default insurance; that compensates the lender on the borrower’s default). The first is typically a life insurance policy provided to a borrower by an institutional lender. ...
by Cain Daniel | Feb 25, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Co-Ownership of Real Property Property can be owned by an individual or by several individuals, referred to as co-ownership. Co-ownership occurs in one of two ways: by a tenancy in common or through a joint tenancy. Mortgage brokering in Ontario is...
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...