Interest Rates on the Rise?
The Bank of Canada has signaled that they do not expect to hold present interest rate levels past the end of June…..
See the March 11, 2010, Business Week article, Canada January New Home Prices Rise 0.4%, Seventh Straight Gain
We are presently enjoying the lowest interest rates seen since the Korean War, and the only thing we can absolutely count on is that rates will inevitably rise. The ‘experts’ cannot seem to agree on when or by how much, but the varied opinions range upwards to an increase of 2.0% – 2.5% by the end of 2011.
I believe that now is the time to become pro-active and ensure that you take advantage of the present interest rate environment. Do you wish to explore the possibility of ‘renegotiating’ an existing mortgage? Would you like to ‘lock-in’ an interest rate for an upcoming purchase? Does your mortgage ‘mature’ in the next few months? Fixed rate vs. variable rate?
Our mortgage professionals are your best source for mortgage advice and can explain all your available options.
Walt Neufeld
Video: Information about Mortgage Investment Corporations – Fine Print, Dividends & Redeeming Funds
Jeffery Moses discusses the fine print of Mortgage Investment Corporations (MICs). He also talks about how investors redeem their MIC funds and how Great Pacific distributes MIC dividends.
What is a MIC? – Why You Should Know
Mortgage Investment Corporations (MICs) are designed specifically for mortgage lending in Canada. MICs lend to qualified borrowers in a ‘niche’ mortgage market who may be finding traditional mortgage lending is not getting them the results they need. A MIC mortgage portfolio can include everything from small second mortgages on residential property to commercial and development mortgages on new projects.
To many experienced investors it’s a no-brainer to include MICs in their investment portfolio. MICs don’t have the volatility of stock markets and they offer returns that are significantly higher than those from money market products.
Owning shares in a MIC allows investors to participate in a diversified and secured pool of mortgages. The income is either paid out on a regular basis or can be reinvested for growth.
A MIC is the investment that everyone should have in their portfolio because it’s secure and will make you a lot of money. Pretty simple.
Find out more about MICs here.
What We’re Talking About
It’s time somebody started a conversation about Mortgage Investment Corporations (MICs) – so here we are. And while we’re at it, we will also provide a fresh perspective on the topics of economy, real estate, investing and borrowing.
On a weekly basis, we will be responding to and providing our perspective on financial and real estate news and we will begin a discussion about MICs starting with what they are, how they work and how to ensure you are investing in a quality investment, whether it’s a MIC or not.
You will meet the team of Great Pacific over time as we all participate in this discussion. We don’t always agree but that’s part what makes us good at what we do and it does make life just a little more interesting.
By Rory Campbell, Walt Neufeld & Jeff Moses
