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People with less credit history or a low score cannot be eligible to pass home mortgages from conventional banks. Poor financial conditions do not allow them to buy property or dream houses. Due to numerous reasons, people suffer a tough time getting a traditional loan to buy a house. In these instances, homebuyers seek private mortgages to approve the loan and provide them home mortgages. Besides property buyers, investors also take a keen interest in investing in a private mortgage on their own or through Mortgage Investment Corporations (MICs). When the lenders’ investment is attached to tangible property, it ensures more security if the borrowers become defaulters on the loan. Mortgage Investment Corporations (MICs) offer a productive and smart way to invest via mortgages in the real estate market. Essentially, a MIC provides a wide range of pools for mortgages and steady dividends, which offer a wealth of advantages for investors. One such MIC company is M12 Capital Mortgage Investment Corporation, which provides personalized private mortgage loans on residential, commercial, and farming properties. The company aims to offer low-risk private mortgage services for borrowers and lenders. M12 Capital MIC offers large pool mortgages, mainly in Ontario.
A MIC enables the investors to invest in the real estate market, reducing risk and time in the private mortgages. It also offers a steady flow of dividends. As a whole, MIC is an opportunity to invest in the real estate market, and housing mortgage experts manage the corporation. Investors choose a MIC intending to turn their investment into a regular income. Working with MIC offers investors access to the skills and knowledge of industry experts. The private mortgage companies ensure diverse investment portfolios so that the investors can earn a healthy return on their investments. Besides a diverse pool of investments, MIC offers a secure way of mortgage investment. The MIC shares are qualified investments under the Income Tax Act (Canada) for RRSPs, RDSPs, TFSAs, RRIFs, or RESPs.
M12 Capital MIC is not restricted to a few types of properties. It includes a diverse pool that includes residential and commercial properties. It also offers development mortgages on new projects. However, every investment is based on a strong investigation of the property and borrowers. The loan policy of conventional banks takes around 80% of the property value from the investors and sometimes even 100.
Meanwhile, a typical MIC loan never exceeds a particular percentage that lies from 20% to 85% of the property’s current value. In addition, the return on the invested capital is higher in Mortgage Investment Corporations. A MIC provides returns between 6% to 9% for investors. The percentage of return share depends on various factors. For instance, investors who hold an investment for a longer period tend to gain more percentage of returns.
Established on February 17, 2021, M12 Capital Mortgage Investment Corporation is a mortgage investment and lending company. It offers mortgage lending services for individuals who cannot be eligible for conventional bank loans due to low scores, insufficient income, and other reasons. M12 Capital MIC was founded by George Moutsouroufis – a seasoned banker and mortgage manager with more than 20 years of experience in the industry.
M12 Capital MIC is one of the first choices of the investors who want to invest their capital in the private mortgage industry to generate maximum regular income. The MIC company offers investors around a 9% historical annual return. The non-bank lender company offers personalized mortgage loans on residential and commercial properties whose financing needs might not be covered by conventional banks. This creates an opportunity for investors to jump into the lucrative industry of mortgage investments. Investors who lack time and expertise and are willing to invest in a diverse mortgage pool can start an investment plan with M12 Capital MIC.
The mortgage investment company is based in Mississauga, Ontario. M12 Capital Mortgage Investment Corporation provides investors an opportunity to participate in a large and wide range of investment portfolios of Canadian mortgages. The company offers its investment services on residential and commercial properties primarily in Ontario – both urban and suburban markets. The key people of M12 Capital MIC have many years of experience in mortgage lending, administration, and risk management.
The mortgage investment company has an objective to keep the shareholders’ capital secured and provide them with a stable source of dividends from the investment portfolio. M12 Capital MIC lends up to 85% loan on residential properties and up to 75% LTV on small commercial properties. The company also caters to farm mortgages.
