Mortgage investment corporation

A mortgage investment corporation or MIC is an investment and lending company designed specifically for mortgage lending (primarily residential mortgage lending) in Canada. Owning shares in a mortgage investment corporation enables you to invest in a company which manages a diversified and secured pool of mortgages.

Prior to investing in a MIC mortgage, it is recommended that investor should have a better understanding about both the fundamentals and intricacies of MIC. Have a look!