Investment Opportunities
Historically, investing in private mortgages has always paid above average dividends but remained exclusive to those with large amounts of capital and mortgage administration experience. A Mortgage Investment Corp. fund allows a much larger segment of the market to become involved.
A few of the FEATURES and BENEFITS are as follows:
- RRSP & RRIF eligible
- 8-10% return on investment (actual for 2004 & 2005 - 10.40 &
10.35%)
- Minimum of $50,000 initial investment
- Interest is paid monthly
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- Risk is spread between many different mortgages
- Provincially regulated by the Financial Services Commission of Ontario
- Mortgages reviewed by an experienced "Credit Committee"
- Totally administered by the company
- No corporate income taxes therefore 100% of profit distributed to investors
- Qualify under the Federal Income Tax Act
- Audited Financial Statements provided annually
The National Post recently featured the specialty finance firms as one of the fastest growing businesses. "20% of the countries $525 billion in residential mortgages fall below the criteria of the major financial institutions." If you are looking to diversify some of your investments from the Mutual Fund/Equity markets or Money Market funds that are paying insufficient returns, we feel this is a great investment.
Please contact Dan Kelly for more information dan@kellymortgages.com
and/or visit the Westboro Mortgage Investment Corporations website at: http://www.westboromortgageinvestments.com/
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