by Cain Daniel | Mar 27, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
How to apply for your Mortgage Agent License in Ontario Licenses are issued when approved, and are then renewed every two years on a fixed date. For example, March 31, 2012 and each two year period thereafter. Licenses for agents are renewed as long...
by Cain Daniel | Mar 25, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is Mortgage Default Insurance? Mortgage default insurance is an insurance policy between the insurer and the lender that will compensate the lender for losses suffered on an insured loan. It’s important to note that mortgage default insurance does not...
by Cain Daniel | Mar 23, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is Title Insurance? Who needs title insurance? Anyone who owns a house! Title insurance is a policy of insurance that provides coverage for the title-related risks associated with real estate transactions. It is designed to cover the...
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...