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Everything You Need to Know About Investing in Mortgages
What is a Mortgage? A mortgage is a legal agreement between a lender who offers financial help with interest and a borrower who makes regular monthly fees. A real asset is used as collateral to secure the loan. The effectivity of the property as guarantee becomes void at the full payment of the loan. Any…
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Is It Worth Investing in an MIC?
What is a MIC? A mortgage investment corporation (MIC) is an organization handling mortgage applications and investments in Canada. It offers secured shares of diversified and qualified mortgage plans to investors that are based on the Income Tax Act of Canada. Likewise, it also lends money to borrowers in the form of mortgages. How Does…
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What is a MIC? And Why Should I Invest In One?
For the past few decades in Canada, the real estate business has been booming exponentially. As a matter of fact, according to a report released by Statistics Canada, at least a fifth of Canada’s GDP in 2017 can be attributed to real estate related ventures. More people and businesses are moving towards major cities in…
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