Mortgage Backed Securities
- Real Estate Secured
- RRSP/RRIF Eligible
- Monthly Income
The investment options provided by banks don’t grow at a pace that
can meet short-term goals. A better investment is one that works for you
rather than for the bank; this will put your savings into fast-forward
and help you rest easy, knowing that you’ve made the right choice.
Becoming an Investor
Before you invest, you will receive an offering memorandum package including
financial statements. Armada Mortgage has a full audit completed annually
by a chartered accounting firm. We will discuss an investment strategy
suited to your needs and explain the investment and dividend payout procedure.
What is a Mortgage Fund?
Apart from higher returns, mortgage funds give your portfolio an extra
level of diversification. Mortgage funds are not closely correlated with
returns from other asset classes. Adding a mortgage fund to your portfolio
can smooth the volatility of your total investment returns.
Security
Approximately 80% of our mortgages are in 1st position, and 20% in 2nd
mortgage position; making this MIC (mortgage investment corp.) one of
the most secure available. All of our mortgages are located in B.C. and
primarily in the lower mainland. We meet personally with all mortgagors
and often inspect the home ourselves in addition to having a professional
appraisal completed.
Investment Flexibility
Mortgage Investments can be placed through our pooled mortgage fund where
all investors share all of the mortgages; therefore diluting risk. We
also offer private on title mortgage investments offering higher returns
for the more aggressive investor. We completed our Public Offering Memorandum
in Spring 2007 and are now able to sell shares to the general public.
RRSP/RRIF eligible
Approximately 30% of our mortgage portfolio has been invested through
individual RRSP and RRIFs. Our mortgage backed investment offers a much
higher rate of return than most banks offer on their RRSP plans. Shares
may also be purchased by corporations, partnerships or jointly.
What is the minimum investment?
$10,000 is the minimum investment.
Mortgage funds have solid Foundations
The aim of any income fund is to provide investors with regular earnings
while protecting capital. Traditionally this income stream has been achieved
through the use of bond funds. However, mortgage funds have become an
increasingly popular method of attaining regular returns on your investment.
Return
The MIC (mortgage investment corp.) has been paying a 6% simple interest
monthly dividend since 2003; plus a year end dividend from 1.63% to over
2%. Excellent for this type of security. Imagine if you reinvested and
let your interest compound!
For the more aggressive investor we offer private on title mortgages.
Why invest with Armada Mortgage Fund?
Armada Mortgage Corporation has been providing mortgage investment opportunities
to suite individual styles since 1995. As an investor, your voice is important
to us. You are always welcome to call or visit with any questions or concerns
you may have. It is our pleasure to help.
Sincerely,
"Gordon Hone"
President
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