- A group of investors invest by buying shares of the MIC.
- A borrower or their broker who wants to buy a property approaches the MIC.
- The MIC qualifies the borrower by various parameters such as appraisal, income qualification and credit worthiness.
- If the mortgage is approved, it is funded with pooled investor funds and your money starts working.
- The MIC receives monthly payments from the borrowers.
- The interest received from the borrowers is paid back to the investors quarterly in the form of dividends.
