by Cain Daniel | Jun 15, 2015 | Mortgage Brokering, REMIC Blog
Mortgage Fraud for Shelter Fraud for shelter is one of the most common forms of fraud in the mortgage industry. This type of fraud occurs when an individual wishes to purchase a home in which to reside with no intent to abscond with mortgage funds or fraudulently sell...
by Cain Daniel | Apr 27, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, REMIC Blog
Why Mortgage Brokers Love Ford, and should! It’s true, mortgage brokers love FORD, and with good reason! Not the car manufacturer, nor Doug or Rob of Toronto’s political scenery. Although I’m sure many brokers do love their Fords, I’m referring to another...
by Cain Daniel | Apr 22, 2015 | Mortgage Brokering, REMIC Blog
What is Mortgage Creditor Insurance? There are two types of mortgage creditor insurance. The first is typically a life insurance policy provided to a borrower by an institutional lender. The second is a life insurance policy provided to a borrower through a third...
by Cain Daniel | Apr 1, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The interest only mortgage is straightforward. The borrower takes out a lump sum of money and only repays the interest due each payment period. This means that, throughout the life of the mortgage, the borrower will always owe the same amount of principal....
by Cain Daniel | Mar 30, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is a mortgage? According to the Ontario Mortgages Act, R.S.O. 1990 c.M.40 (the legislation that governs mortgages in Ontario), the word mortgage is defined as, “any charge on any property for securing money or money’s worth.” Most consumers would not...