Investing in a Mortgage Investment Corporation (MIC) offers several advantages like attractive returns from a diversified mortgage portfolio, regular income through interest payments or dividends, diversification, reducing the impact of individual loan defaults, professional management by experienced mortgage industry experts, accessible real estate exposure without large capital requirements, potential tax advantages in certain jurisdictions.
MICs distribute a significant portion of their income to investors in the form of dividends or interest payments.
By investing in a MIC, you gain exposure to the real estate market without having to directly own properties.
MICs are typically managed by experienced professionals who have expertise in evaluating and managing mortgage investments
In many jurisdictions, MICs are subject to regulatory oversight, ensuring that they adhere to certain standards and practices.
"Invest with Confidence"
All Loans secured against Real Estate. Every Investment is Registered by an experienced lawyer against the property.
A MIC offers better returns than traditional investments like savings account.
The MIC pays a fixed administration fee of 1.5% upto 5 Million and 1% for all investments over 5 Million. The borrower covers all closing costs such as lawyer fee, broker fee etc so MIC does not incur any extra costs for funding a mortgage.
Your invested capital is mortgaged against number of different properties which helps improve the return on Investment and decreases the risk of the investment.
One of the biggest advantages of investing in a MIC is that you can invest majority of registered plan funds such as RRSP’s, TFSA etc. MIC's don't pay any corporate tax as they are a flow through Investment.
Investors buy shares of the company so it allows them to be shareholders. Each investor is provided audited financial reports prepared by one of the biggest Accounting firms in Canada.
No salary or commission is paid out to any of the directors from the MIC. Audited financials from a reputed firm are available to Investors.