FAQS
If there is a default, do I or M12 Mortgages own the house?
No in Ontario under power of sale we only take possession of the property to recover our asset. Once sold, any surplus is paid to the owner.
Is my name on the mortgage?
All M12 Mortgages Ltd. Clients are assigned an account number just like a bank. The mortgages are registered to this account number in trust to you, for maximum privacy. This way the borrower can’t look up who actually lent the money.
Can I pool money with other investors?
Yes, we can pool money and do so regularly. This is known as “Qualified Syndicated Mortgages”
What happens with my investment after maturity?
Depending on performance we may offer renewals to the client. Minimum Liquidity is 1 year, and funds may not be liquid if the client takes our renewal offer. Should you require your funds back you must advise us as per the contract so we can make other arrangements for the client.
How does M12 make their money?
We charge fees to the borrower, no fees are charged to the Investor/Lender.
What happens in case of financial failure of M12?
All mortgages are actually registered in TRUST to your account number. They are not considered an asset of M12 Mortgages Ltd. We are simply the administrator.
What happens in the case of my incapacity/death?
Normal Estate rules would apply as its your asset.
What happens if the property is damaged?
This is extremely rare as the owner is entitled to any surplus on sale. Accidental damage due to fire/flood would be covered by the home insurance policy with M12 Mortgages and your account # as the loss payee.
Do you use the same appraiser on every deal?
No. We have an approved list of appraisers and it varies by geographic region.
5975 Whittle Rd., Suite 230,
