Private Mortgage Investors in Toronto
Investing in private mortgages presents an opportunity to invest a large amount of money with minimal risk and receive a healthy, monthly return in a short period. We offer short term mortgages with a fixed monthly interest rate.
The Underwriting Process
Our rigorous underwriting process screens our applicants and their brokers prior to a mortgage application’s approval. The licensing of both the brokerage and the agent/broker is verified through the Financial Services Regulatory Authority of Ontario mortgage brokering registry. The property and validity of the deal are also closely investigated.
Investor Frequently Asked Questions
What happens when a borrower fails to pay on time?
When a borrower does not make the monthly payment on the agreed date, a fee is charged and collected with the late payment, and the next monthly payment will still be due on the next regularly scheduled payment date.
What happens when a borrower fails to pay at all?
When a borrower misses a monthly payment, a fee is charged, and the missed payment is collected at the earliest opportunity. If multiple payments are missed, full payment is demanded, and legal action may be required.
What kind of return can I expect on my investment?
Investors can expect a minimum of a 6% return on their investments.
Can I invest using my RRSPS?
Yes, investing with RRSPs is a simple and efficient way to invest in private mortgages. Please visit www.olympiatrust.ca for more information on investing with RRSPs.
What is a mortgage administrator, and how does it benefit me?
A mortgage administrator is responsible for monitoring your investment for the entirety of its term. Monthly payments are collected from the borrower and remitted to the investor through the administrator’s office. Should a default be made, your administrator is responsible for remedying the situation. A mortgage administrator provides a comfortable investment experience.
Contact TriLend Inc. Today
For years, we’ve been proud to help local investors make the most on their inputs with low-risk involvements and high returns. We look forward to helping you next. Whether you have a full portfolio of investments and opportunities or you need help getting started, give us a call. During our initial consultation, we’ll go over our process, the application process, and how we can help. We look forward to working together with you.