The main difference between Morrison Financial handling the mortgage portfolio and you handling it yourself would be diversification. Any investor could lend a friend a few thousand and charge an interest rate as compensation. To have access to multiple loans at any one time and the diversification benefits that come from that, that’s something which we can offer that you couldn’t handle yourself.
On top of that, Morrison Financial has developed a very good name for itself over the past thirty five years. Because of that, we see hundreds of new deals every year – and only the best of these make it into our mortgage income funds. On average, we see two or three mortgage proposals every day. For one reason or another, the vast majority of these never make it into the funds. This level of analysis, expertise, and experience, is what separates us from the individual investor who might sign a single, private loan and try to do it themselves.
In the unlikely situation that a mortgage defaults, Morrison Financial will also leverage our expertise to manage such mortgage to resolution.