Mortgages are loans that buyers take out to raise funds for the purchase of real estate. The collateral for the loan is the property itself.
Conservative mortgage lenders, such as banks and mortgage funds, mainly invest in top-quality first mortgages on commercial, industrial and/or residential properties.
Mortgage investment corporations, or MICs, invest in pools of mortgages and distribute most of their profits to their shareholders. Some MICs yield 6% or 7% or more annually. They sound like conservative investments because they invest in mortgages rather than equity.
However, mortgages vary widely in their investment quality and risk. MICs can earn high profits because they take on riskier mortgages.
Reverse mortgages in Canada let homeowners who are 55 years of age or older borrow on their home equity. Typically, the loan-to-value ratio is up to 40%. But depending on their age and property, some borrowers may qualify for a loan of up to 55% of the value of their home. The loan and accumulated interest are repaid only after the house is sold or from the proceeds of the homeowner’s estate.
One of the biggest reverse mortgage pitfalls is that their immediate appeal can lead real estate owners to not consider all of their lending options available to them. Make sure you look at all other housing or financial options open to you. If none of these are more appealing, only then consider taking out a reverse mortgage.
At TSI Network, we recommend using our three-part Successful Investor philosophy:
Discover how to build greater wealth with less risk, claim your FREE digital copy of How to invest in stocks: Canada investor advice on building a balanced stock portfolio now.
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J.P. MORGAN CHASE & CO., $264.84, New York symbol JPM, is a buy.
Morgan is the largest banking firm in the U.S., with total assets of $4.00 trillion as of December 31, 2024.
With the October 2024, payment, Morgan increased your quarterly dividend by 8.7%, to $1.25… Read More
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As inflation eases in the wake of COVID-19 lockdowns and supply chain disruptions, the U.S. Federal Reserve recently cut its benchmark interest rate by 0.50%, to between 4.75% and 5.00%. It also looks likely that the Fed will continue to cut the rate in the… Read More
TORONTO-DOMINION BANK, $80.75, Toronto symbol TD, is still a buy.
With the January 2024 payment, TD raised your quarterly dividend by 6.3%. Investors now receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.1%.
In its fiscal 2024 third quarter,… Read More
TEXAS INSTRUMENTS INC., $209.88, Nasdaq symbol TXN, is still a buy for aggressive investors.
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
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