Posted on 25 January 2012.
A syndicate mortgage is where several investors combine funds together to create one instrument (a mortgage). The investment 'moves' as one funding but each investor is individually registered and secured proportionally. Syndicate mortgages allow you to have direct collateral for your investment and ongoing returns from the interest earned by the mortgage.
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Posted on 24 December 2011.
In Canada, any time that someone wants to buy a property with less than 20% down payment, the lender/banks require the homeowner to obtain high ratio mortgage insurance. A High ratio mortgage is defined as a mortgage in excess of 80% of the value of the property. The mortgage insurance is therefore for the protection of lender/bank, and not for the protection of the homeowner.
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Posted on 24 December 2011.
Mortgages can be very complex to understand but you rather know the devil very well to make sure it does not haunt you. Seeking continues advice from friendly Mortgage broker or Banker can assist you to keep you informed and different products available to pay it off sooner.
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Posted on 19 May 2011.
No, it is not fancy name. There is such thing called hybrid Mortgages in Canada. The trend is picking up and intends to continue. Canadians are doing more research and like to see their options before signing up for traditional mortgages.
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