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Mortgage Investment Company

Mortgage Investment Company

Introduction

Mortgage Investment Company is a company that invests in mortgages. They provide funding to real estate investors. This allows real estate investors to purchase more properties, and they can pay off the loans with the rent they receive from those properties.

About

Canguard Mortgage Investment Company is a mortgage investment company in British Columbia, Vancouver that provides loans to home buyers in Vancouver, BC. Our team has many years of experience in the lending industry and we have helped thousands of Canadians get approved for their mortgages. We understand how important it is to find the right lender for you, so we put together this resource page to help you learn more about us and our services.

Our goal is to help you get the mortgage that best fits your needs. We want to make the home buying process as easy and stress-free as possible, so we offer a variety of products and services including:

  • Fixed Rate Mortgages
  • Variable Rate Mortgages
  • Refinanced Mortgages
  • Home Equity Loans/Lines of Credit

Mortgage Investment Company

Mortgage Investment Company

Mortgage Investment Company (MIC) is a program of the Department of Housing and Urban Development. It is intended to help low-income individuals purchase homes with down payments of less than 10%.

Your eligibility for MIC depends on your income and how much money you have in savings. You must be at least 18 years old, a citizen or permanent resident of the Canada, and meet HUD’s definition of “low-income” to qualify.

Mortgage Investment Companies are granted by local housing agencies such as community action agencies (CAA), Community Development Financial Institutions (CDFI), Native American Housing Authorities (NAHAs), State Housing Finance Agencies (SHFAs), local housing finance authorities or other government agencies approved by HUD. Most MICs will require an appraisal from a third party appraiser who has been approved by the FHA/HUD.

The appraisal will be required to determine the value of the home. This is how much money you can borrow from a lender such as a Mortgage Investment Company.

The lender will also need to review your credit report and income documentation. If you are eligible for a MIC, the company will help find a home that is suitable for you and your family. The process of obtaining a MIC can take anywhere from 6 months to 1 year depending on when you apply and the availability of homes in your area.

Conclusion

If you are looking for a Mortgage Investment Company, then you should consider First Rate Investments. We are in Canguard and we can help you with all of your needs when it comes to buying or selling properties. If you want more information about how we can help, contact us today!

If you are looking for a company to help you with your mortgage investment needs, then First Rate Investments is the right choice for you. We have been in business since 2011 and have helped thousands of families just like yours. If you want more information about our services, contact us today!

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