MIC Investments

Mortgage
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Investing in a Mortgage Investment Corporation (MIC) in Canada can be an excellent way to diversify your portfolio while generating consistent income. MIC in Canada pools investor funds to lend in the real estate market, offering both income and growth potential. This guide will help you navigate the steps to get started with MIC investments. Understanding MIC Investments What is a MIC? A Mortgage Investment Corporation (MIC) is a type of investment fund that pools money from investors to lend to borrowers in the real estate sector. MICs offer an alternative to traditional real estate investments, providing investors with the potential for steady income through interest payments and portfolio diversification. Benefits of Investing in MICs Investing in MICs offers several advantages, including regular income distributions, potential for capital appreciation, and diversification of investment portfolios. Additionally, MICs are regulated under the Income Tax Act of Canada, which requires them to distributeContinue Reading

Mortgage with Bad Credit

Mortgage
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If you have bad credit, you might be wondering if you can still refinance your mortgage. The good news is that there are options available to you that can help you save money on your mortgage payments and improve your financial situation. So, without further ado, here are 3 options for refinancing a mortgage with bad credit and what you need to know about each one. 1. Find a Lender Who Works with Borrowers with Bad Credit The first step to refinancing your mortgage with bad credit is to find a lender who is willing to work with borrowers with bad credit. There are a number of lenders for a refinance mortgage out there who specialize in helping borrowers with bad credit get the financing they need. These lenders help by offering bad credit mortgage products that have more flexible terms and conditions than traditional mortgages. They also work withContinue Reading