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How Mortgage Investment Corporations Work for Investors Abbotsford
- Location: Abbotsford, Abbotsford, British Columbia, Canada
Mortgage Investment Corporations, or MICs, let people invest together in real estate loans. Instead of lending money themselves, investors buy shares in the MIC. The MIC then lends money to borrowers who may not get a bank loan. Investors earn income from the interest paid on these loans. MICs are a way to earn steady returns and diversify investments without owning property directly. But like any investment, there are risks if borrowers can’t repay.
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