Real Estate and Mortgage Institute of Canada Inc.
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Tag Archives: mortgage financing

What is a mortgage?

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 necessarily understand that technical definition.  In actuality, a mortgage is evidence of a debt.  […]

4 Easy Strategies to Market Your Mortgage Financing Services

How to Market / Advertise Intangibles or Services Marketing intangibles or services is quite different in comparison with marketing products that a potential customer can see and feel. Studies indicate that upwards of sixty percent of consumers will choose a mortgage agent based on their prior dealings with the agent, the reputation of the agent or being […]

The Financial Components of Mortgages

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: