TFSA and Mortgage Investing The TFSA (Tax Free Savings Account) limit increase, based on a 2011 Conservative election promise, is going to be a great boon to those who are in the middle class. Especially those who invest in high yield investment, such as mortgages. The limit has been increased from $5,000 to $10,000, and […]
FSCO Providing New Investor and Lender Disclosure Forms On Monday, June 8, 2015 FSCO released five new investor and lender disclosure forms. This new set of forms replaces the current set of investor and lender disclosure forms, and aims to provide investors and lenders enhanced disclosure in Ontario for mortgage brokered transactions.
Condo Fraud – An amazing case study I was reading an article in the May/June 2015 edition of Fraud Magazine that I have to share with you. According to court documents with the United States Department of Justice there was a scheme that was orchestrated by several individuals in Nevada. The scheme went like this. […]
Freedom Fifty-Never? Bankrupt seniors on the rise Earlier this month bankruptcy trustee firm Hoyes, Michalos & Associates Inc. crunched the numbers on approximately 6,000 personal insolvencies filed between 2013 and 2014. A staggering 30% of the filings were by debtors who were 50 and older. According to the report that was up from the firm’s […]
Top 3 things mortgage brokers needs to know about private mortgages – Slide Deck Thanks for joining us for this webinar (the download for the slide deck is at the bottom of this page). You can access our other information packed sessions, some free webinars and others paid workshops, at www.remic.ca/events As discussed, if you […]
Registered funds and mortgage investing webinar slide deck This 45 minute webinar will introduce you to using RRSPs, RESPs, TFSAs and other forms of registered funds to invest in mortgages. These mortgages can be direct to borrower mortgages or through other vehicles such as a MIC or syndicated mortgage.
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 ltv is exactly 90% there is […]
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 sheltered. Critics of registered investments will point out that once income is taken from the registered […]