How does a MIC work?

  • 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.
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