6 Points you need to know about Deferred Mortgage Payment Programs for Covid-19
In these unprecedented times, the impact of the Covid-19 pandemic has rippled through various aspects of our lives, including financial stability. For homeowners facing challenges, understanding Deferred Mortgage Payment Programs is crucial. In this SEO-friendly blog post, we’ll delve into six essential points to guide you through these programs and help you make informed decisions […]
5 Home equity borrowing options are available to all Canadian homeowners
5 Home equity borrowing. Cannects
4 Facts to Consider Before Breaking Your Mortgage
Variable will be the winner for the next few years. The Bank of Canada said on October 19th that mortgage interest rates will remain steady. This came as no surprise. The language used in the announcement that followed the decision may have surprised some who have been following the consistent increases in North American equities […]
The big banks are not sorry about taking your money
Being the middleman between you and your money brings in a lot of money for Canadian banks. Every Canadian household receives about $3,200 in profit from our banks. Let’s look at our banks’ earnings, their methods, and what we can do to reduce our impact on their profits. Canadian banks make more than $3,200 in […]
Without hassle, Refinance Mortgage and save money
Thinking about Loan Refinance?? Cannect could help you save money and ensure that the procedure is as simple and transparent as possible. Not surprise, No hidden charges View Your Rate
Industry-Leading Loan to Value – Reason to Invest #2 – Cannect MIC
Cannect’s Mortgage Investment Corporation portfolio currently has a weighted average LTV of 54%. Most MICs will hover around the 65% to 75% range. Staying conservative with our LTV is part of how we keep your money safe. That will always be priority #1. Housing prices have been high for a long time. If you are a Cannect investor […]
The Bank of Canada: A Brief History
The Bank of Canada is the nation’s central bank. Established in 1935 through the Bank of Canada Act, the BoC’s main goal is to promote the economic and financial interests of Canada. Before the 1930’s there was no need for central banking due to Canada’s scattered and primarily rural economy. The branch bank network that […]
Higher Interest Rates Mean More Profit – Reason to Invest #6 – Cannect MIC
The Cannect Mortgage Investment Corporation is a great investment during a period of inflation and rising interest rates. When interest rates drop, borrowers break their mortgage to access more capital. This is exactly what they did in 2020. Now interest rates are much, much higher! If these borrowers need to access more capital, do they really want to break […]
Balance Sheet vs. Non Balance Sheet
A “Balance Sheet Lender” is any chartered bank in Canada. They are referred to as “Balance Sheet Lenders” because they hold your mortgage on their books as an asset. These Lenders can only increase the value of their asset (your mortgage) by increasing the spread between their cost of funds and the rate at which […]
Our investors
When you think about it, we have a very special relationship. You have entrusted us with your money. You looked around at all of your investing options and selected us. That will never be forgotten. Everything we do at Cannect is designed with one singular focus: to constantly reduce the amount of risk required to […]
