Mortgages are loans that buyers take out to raise funds for the purchase of real estate. The collateral for the loan is the property itself.
Conservative mortgage lenders, such as banks and mortgage funds, mainly invest in top-quality first mortgages on commercial, industrial and/or residential properties.
Mortgage investment corporations, or MICs, invest in pools of mortgages and distribute most of their profits to their shareholders. Some MICs yield 6% or 7% or more annually. They sound like conservative investments because they invest in mortgages rather than equity.
However, mortgages vary widely in their investment quality and risk. MICs can earn high profits because they take on riskier mortgages.
Reverse mortgages in Canada let homeowners who are 55 years of age or older borrow on their home equity. Typically, the loan-to-value ratio is up to 40%. But depending on their age and property, some borrowers may qualify for a loan of up to 55% of the value of their home. The loan and accumulated interest are repaid only after the house is sold or from the proceeds of the homeowner’s estate.
One of the biggest reverse mortgage pitfalls is that their immediate appeal can lead real estate owners to not consider all of their lending options available to them. Make sure you look at all other housing or financial options open to you. If none of these are more appealing, only then consider taking out a reverse mortgage.
At TSI Network, we recommend using our three-part Successful Investor philosophy:
Discover how to build greater wealth with less risk, claim your FREE digital copy of How to invest in stocks: Canada investor advice on building a balanced stock portfolio now.
U.S. Federal Reserve regulatory restrictions and other unusual costs led to a 5.3% revenue drop for this company during the most-recent quarter.
However, lower costs and reduced restrictions point to promising growth ahead. Meanwhile the stock trades at 9.5 times the company’s 2020 earnings forecast… Read More
Learn about capital gains exemption and REITs for real estate investing
Owning your house is a great tax shelter. That’s because gains on your principal residence involve a capital gains exemption. Note, though, that this benefit only applies to your principal residence. You must still pay… Read More
MORGAN STANLEY, $45.03, symbol MS on New York, is a global financial services company with offices in more than 41 countries.
On February 20, 2020, Morgan announced it would acquire E*Trade Financial Corp. (symbol ETFC on Nasdaq) for $13 billion. The all-stock transaction will see E*Trade… Read More
T. ROWE PRICE GROUP INC. $127 (www.troweprice.com) is a buy. This leading seller of mutual funds and wealth management services will now raise your quarterly dividend 18.4%. With the March 2020 payment, investors will receive $0.90 a share instead of $0.76. The new annual rate of $3.60… Read More
APPLE INC., $313.05, Nasdaq symbol AAPL, is still a hold.
Due to the coronavirus outbreak in China, Apple investors should now expect the company’s revenue in the quarter ending March 31, 2020, to fall short of its earlier forecast of $63.0 billion to $67.0 billion.
The outbreak… Read More
HP INC., $22.37, New York symbol HPQ, is still a hold.
On November 1, 2015, the old Hewlett-Packard Co. split into two firms—HP Inc. and Hewlett-Packard Enterprise (see below). For every share they held in the old HP, investors received one share in each of the… Read More
ALPHABET INC., Nasdaq symbols GOOG (class C non-voting), $1,479.23, and GOOGL (class A voting), $1,479.11, is our #1 Aggressive Buy for 2020.
Alphabet is the holding company for Google’s Internet search business and its smaller, riskier operations. Its investors also tap emerging markets through the company’s… Read More
UNITED TECHNOLOGIES CORP., $150.20, New York symbol UTX, is our #1 Conservative Buy for 2020.
This maker of aircraft equipment and other industrial products was our top Conservative pick for 2019 and it handed our readers a huge 31% gain. Even after that big jump, we… Read More
Once again, we’ve singled out three stocks—one from each of our portfolios: Conservative, Aggressive and Income—as your top choices for new buying in 2020. All three offer highly attractive growth prospects that will pay off for investors for many years to come.
You’ll notice that United… Read More
WELLS FARGO & CO., $49.18, New York symbol WFC, remains a buy.
The bank last raised its quarterly dividend with the September 2019 payment. Investors now receive $0.51 a share, up 13.3% from $0.45. The new annual rate of $2.04 yields you a high 4.1%.
The stock… Read More
Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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