Tag Archives: cain daniel remic
Chances are, you’ve heard some hype about search engine optimization (SEO) and you appreciate the importance of being visible online. You’ve familiarized yourself with internet marketing, and you’ve created a website to help bolster your personal brand as a mortgage broker. The question is, how well is this working for you? Why is Search Engine Optimization […]
Interest Only Mortgage 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.
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 compensate the borrower. Background The Central Mortgage and Housing Corporation, a Crown Corporation now known as Canada […]
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 score representing the best). The scoring model used by Equifax and Transunion […]
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 is made up of the following financial components: