11% Yields
Under The Ontario Ministry of Finance, the Financial Services Regulatory Authority mandates that all licenced mortgage lenders (Banks, Trust Companies, etc.) including Mortgage Brokers, must calculate an APR (Annual Percentage Rate) on all fixed rate and fixed payment mortgages, using the semi-annual not in advance interest formula. The EIR (Effective Interest Rate) is the compounded annual yield which includes the fees you earn and the amount deducted from the purchase price of your mortgage investment.
On the example below, the annual EIR (Effective Interest Rate) on a 8.962% 1 year $75,000. mortgage which includes the fees you earn and the amount of the reduction on the funds you advance, for a total of $1,193.55 will yield you 11%.
1 Year Mortgage Investments from $25,000. to $100,000.
All Mortgage Investments are for a 1 year term only and our investors are under no obligation whatsoever to renew any mortgage. However, since 1976 we have found that almost all of our investors do in fact renew the mortgage. The reason being, is that the yield on year 2 will be higher than year 1. If you decide to renew after the 1st. year, you can achieve a yield of 11% or greater in year 2.
“Serving Ontario Investors Since 1976″
55 Eglinton Ave. East, Suite #604, Toronto, Ontario M4P 1G8 (1 block east of Yonge St.)
Ph: 416-410-6830 Toll Free 1-888-599-3232
e-mail: info@MortgageInvestmentFunding.com