QUOTE (llee @ Apr 27 2010, 04:05 PM) Hi,
I live in Ontario. If I want to to lend out RRSP or non-RRSP to a borrower in another province (for example, Alberta) as a private deal, do I need to go through a mortgage broker?
If so, does the mortgage broker have to be in Ontario, or can it be other province (ie, Alberta)?
Thanks.
No you do not need a mortgage broker, but you will need a lawyer in the province where the property is located to draft up the mortgage documentation. They will then send the stack of documents to you to sign in front of a Notary Public/Lawyer in your own province.