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:
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J.P. MORGAN CHASE & CO., $114.76, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.84 trillion as of June 30, 2022.
Morgan last raised your quarterly dividend with the October 2021 payment… Read More
J.P. MORGAN CHASE & CO., $112.95, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.84 trillion as of June 30, 2022.
Due to rising fears of a recession, triggered by higher interest… Read More
ABBVIE INC., $149.06, New York symbol ABBV, is a top pick for 2022.
The company makes medical devices, diagnostic tests, pediatric and adult nutritional products, and generic drugs.
AbbVie took its current form on January 3, 2013, when Abbott Laboratories (New York symbol ABT) split into two… Read More
The Bank of Canada recently raised its benchmark lending rate from 0.25% to 0.50%, its first increase since 2018. It has also signalled that more hikes are coming as it aims to lower Canada’s inflation rate to around 2% from the current 5.1%.
Generally, higher interest… Read More
TORONTO-DOMINION BANK, $98.54, Toronto symbol TD, is a buy.
TD is now buying U.S. banking firm First Horizon Corporation (New York symbol FHN). Based in Memphis, Tennessee, it operates 412 branches in 12 states that serve 1.1 million customers.
The purchase will make TD’s banking operations the… Read More
Shares of the Royal Bank of Canada—the country’s largest bank by market cap—plunged from around $109 at the start of the COVID-19 pandemic in March 2020, to a low around $72. After that, it reversed course and climbed to a recent peak near $150. That… Read More
BREEZE HOLDINGS ACQUISITION CORP, $10.24, symbol BREZ on Nasdaq, is a SPAC (special purpose acquisition company).
SPACs are a specialized kind of IPO (Initial Public Offering, or new stock issue). One key difference is that SPACs, also referred to as “blank-check companies,” raise money from investors… Read More
For most investors, Canada’s Big Five make up the bulk (if not all) of their Finance sector holdings. As the banks have expanded over the past few decades, owning them gives you exposure to a broad variety of financial services, including wealth management, brokerage and… Read More
BANK OF NOVA SCOTIA, $83.92, Toronto symbol BNS, is a buy.
Canada’s banking regulator—the Office of the Superintendent of Financial Institutions (OFSI)—has lifted the restrictions on capital distributions it placed on banks and insurers in March 2020 due to COVID-19 uncertainty.
As a result, Bank of Nova… Read More
For most investors, Canada’s Big Five banks account for most of their exposure to the Finance sectors. Even so, we continue to recommend investors add more specialized firms, such as the three we analyze below, to balance their risk. However, not all of them are… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. We also sometimes receive updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.
We do reserve the right, however, to collect and perform statistical analyses of the internet traffic to our website for our internal use. However, information collected does not allow us to identify any individual, and will not collect any personal information of the visitor. Furthermore, we do not sell, rent or loan to any outside parties the information collected and analyzed.
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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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Agents: We employ other companies and individuals to perform functions on our behalf. Examples include fulfilling orders, delivering packages, sending postal mail and email, removing repetitive information from customer lists, analyzing data, providing marketing assistance, processing credit card payments and providing customer service. They have access to personal information needed to perform their functions, but may not use it for other purposes.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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TSI Network does everything possible to prevent unauthorized intrusion to its websites and the alteration, acquisition or misuse of personal information by unauthorized persons. Notably passwords submitted by users of our websites are encrypted using encryption mechanisms. However, TSI Network cautions visitors to its websites that no network, including the Internet, is entirely secure. Accordingly, we cannot be responsible for loss, corruption or unauthorized acquisition of personal information provided to our websites, or for any damages resulting from such loss, corruption or unauthorized acquisition.
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TSI Network has procedures in place to keep your personal information accurate, complete and current for the purposes for which it is collected and used. You may review the information that you have provided to us and where appropriate you may request that it be corrected. If you wish to review your personal information please send a request to: service@tsinetwork.ca.
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If you wish to request access to, or correction of, your personal information in our custody or control, or find out how we've used or disclosed that information, please make your request in writing to us. We may need to verify your identity before searching for or providing you with personal information. In some circumstances, we may not be able to provide access to your personal information, for example if it contains the personal information of other persons, if it constitutes confidential commercial information, or if it is protected by solicitor-client privilege. If we deny your request for access to, or refuse a request to correct, your personal information, we will advise you of the reasons for this refusal.
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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