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 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...
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 11, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The Financial Components of a Mortgage The basic premise behind every mortgage is the borrower’s promise to repay the amount borrowed. There are several components to a mortgage, as is illustrated in the Standard Charge Terms, but at its core a mortgage payment...