Deposit your investment directly to Hosper Mortgage's Licensed Trust Account and provide us with proof of funding. Watch: How do I fund my MIC investment?
4 methods are commonly used to fund Hosper MIC Investments.
Option 1: deposit a bank draft.
Obtain a Bank Draft from your bank payable to Hosper Mortgage Administration Inc., and deposit the draft directly to This BMO Account. Please send us copies of the Bank Draft receipt and deposit slip as shown in this example.
Option 2: deliver a bank draft.
You can obtain a Bank Draft from your bank payable to Hosper Mortgage Administration Inc. and deliver the draft to our office located at 21 St. Clair Ave E, 2nd Floor, Toronto, ON, M4T 1L9.
Option 3: transfer directly from your account.
If you also bank with BMO, you can avoid the bank draft process by requesting transfer of funds directly from your BMO account to this BMO account. Please send us proof of transfer as shown in this credit slip example.
Option 4: wire payment
Wire payments are also possible, though rarely used due to complication and cost. If circumstances require you to wire your investment, download wire payment details.
2 important things to remember when funding your investment:
- A Bank Draft or a Certified Cheque is required, as a regular cheque will incur a 5-day hold and physical cash is not accepted.
- We require a copy (scan or photo) of your proof of funding as outlined in the examples above.
If you have any questions about funding your MIC investment, please contact one of our registered MIC dealing represenatives below. No question is too big or too small – We’re happy to help!
Scott Stevens,
Jad Cherri,