by Cain Daniel | Jan 28, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Reviewed for accuracy by Joe White Joe White is the Founder and President of the Real Estate and Mortgage Institute of Canada (REMIC), a licensed mortgage broker and Principal Broker, an educator since 1996, and a 2019 inductee into the Canadian Mortgage Hall of Fame....
by Cain Daniel | Jan 23, 2015 | Mortage Investments, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is loan to value (ltv)? The ltv is the amount of the loan, in dollars, in relation to the value of the property, in dollars, expressed as a percentage that is typically rounded off to two decimal places (unless it is an exact number). For example, if the...
by Cain Daniel | Jan 21, 2015 | Mortage Investments, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Registered funds and mortgage investments Registered funds typically eligible for use in a mortgage investment are RRSPs, LIRAs, LIFs, RRIFs, RESPs and TFSAs. The benefits of using registered funds to invest is that the income generated will be tax...
by Cain Daniel | Jan 19, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Unlike a standard mortgage that places a charge on title, a collateral mortgage, which has been around for years but typically only used for secured lines of credit, is a promissory note with a lien on the property for the total amount registered. You can...
by Cain Daniel | Jan 16, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The purposes of using a mortgage There are traditionally four distinct purposes for using a mortgage: 1) Purchase, 2) Refinance 3) Equity take-outs, and 2) Bridge Financing Purchase People use mortgages to assist in purchasing a home in combination with a down...
by Cain Daniel | Jan 14, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is a mortgage broker? A mortgage broker is a practicing professional who assesses a borrower’s financial goals with respect to real estate financing and, after detailed analysis, provides solutions to meet those goals by acting as an intermediary with the...
