The practice and business of investing in mortgages secured by deeded and titled real estate. ASCEND MIC underwrites and issues uniquely designed mortgage investment products.
As a mortgage investment corporation, or MIC, we here at ASCEND MIC specialize in investing in mortgages so that you earn a high rate of return at relatively low risk.
Investing in mortgages is a relatively little-known activity in the investment market, yet the financial rewards can be quite considerable. Because mortgage borrowers are usually willing to pay relatively high interest rates, backed by the property itself as collateral, these investments are generally considered safe but rewarding.
How it works
Here’s how it works. We take the funds raised from investors like you, lend them to mortgage borrowers, who pay a regular interest rate. A number of mortgages constitute a pool of investments, which provide rates of return based on the mortgage interest payments.
Although the Canadian mortgages market has been historically safe and secure, default does occur — at which point we exercise all our rights to ensure seizure and liquidation of properties — if necessary. Otherwise, our carefully assembled pool of mortgages will keep generating considerable rates of return on your behalf.
We do the work
Part of the beauty of a mortgage investment corporation is that we take care all of the legal and administrative work for you. That’s why you don’t have to invest directly in private mortgages yourself. We do all the issuing and underwriting, and work with our trusted network of mortgage brokers to ensure safe and maximum returns.
Canada’s housing, construction and mortgages sectors are considered among the safest in the world. In addition, the Canadian government has instituted federal legislation to created MICs in order to take advantage of a relatively untapped segment of Canada’s economy: private mortgages.
We are not a bank. We don’t issue bank mortgages. Instead, we utilize the generally higher but still safe rates of returns in the private mortgages market to deliver value for our investors. It’s what we do.
The ASCEND MIC difference
ASCEND MIC is a duly registered and licensed mortgage company and financial institution. We work tirelessly on your behalf to ensure high rates of return at relatively low risk. We look forward to working with you for a profitable and secure financial future.