A Mortgage Investment Corporation (MIC) is an audited public corporation that flows through 100% of its income without corporate level tax to its shareholders. Structured Mortgage Investment Corporation is both a Mortgage Investment Corporation as well as a Licensed Mortgage Administrator under the Financial Services Regulatory Authority of Ontario, Canada. As a mortgage administrator we are able to accept funds for reinvestment in mortgages directly or through our preferred share structure. As a MIC we are able to flow out preferred share dividends without corporate level tax. Investments in the MIC are qualified for registered plans and tax free savings accounts.
We are a diverse group of mortgage professionals who have worked together for over ten years. We have collectively financed over 500 million dollars worth of mortgages. We cover urban centres and satellite communities in Ontario. We pride ourselves on creative solutions to difficult problems.
We lend to a diverse group of individuals, backed up with Residential property within or within commuting distance of Large Urban centres in Canada. As of this writing 100% of our loans are in Ontario and have a debt to equity ratio under 70 %. They are 2/3 firsts and 1/3 second mortgages. (August 2020). Our mortgages are secured by real estate within our lending criteria. All properties are appraised and inspected by us.
Our mission is to provide sophisticated financial products for all level of investor into the residential mortgage space in Canada.
We are always on the lookout for Mortgage agents, administrative staff and dynamic executives. Drop us a line on the contact page if you want to join the team.
As the largest financial market sector in Canada, Canadian mortgages total over 1.5 trillion of loans outstanding, with consistent and reliable returns.Unlike other North American jurisdictions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.ctions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.ctions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.
As the largest financial market sector in Canada, Canadian mortgages total over 1.5 trillion of loans outstanding, with consistent and reliable returns.Unlike other North American jurisdictions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.ctions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.ctions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.
As the largest financial market sector in Canada, Canadian mortgages total over 1.5 trillion of loans outstanding, with consistent and reliable returns.Unlike other North American jurisdictions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.ctions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.ctions almost homeowner loans are guaranteed by the owner so default rates have always remained low.
This ensures the Banking sector only offer credit to mortgage clients with regular income and relatively high credit scores. These restrictions on loan origination and underwriting impact all federally regulated financial institution as well as mortgage insurers. This has led to a large sector of the mortgage client population unable to access these highly regulated mortgage institutions. These clients have turned to private mortgage lenders, of which we are one. This market segment is over 200 Billion dollars.