How MICs Benefit Both Borrowers & Investors?

Versa Platinum Financial Corp17 Sep, 2024Finance

A Mortgage Investment Corporation (MIC) is a financial funding alternative for investors planning to invest in Canadian mortgages. Investors, who act as a lender, use a MIC to pool their funds and buy mortgage shares as an alternative investment scope. MICs eliminate the time and risk often rendered by the investors when investing in individual mortgages.