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Most Canadian homeowners are paying a mortgage they cannot deduct from their taxes. The Smith Manoeuvre changes that 🇨🇦 For homeowners with a re-advanceable mortgage- this strategy makes your mortgage interest tax deductible AND builds a $1,000,000 investment portfolio at the same time. This is for informational and educational purposes only and not financial or legal advice. Consult a qualified Canadian mortgage broker and financial advisor before implementing any strategy. #canada #canadianf
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Most Canadian homeowners are paying a mortgage they cannot de…
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Your bank benefits when you pay your mortgage the…. Most homeowners pay once per month because that’s what they were told to do. But there’s a simple repayment method many people never think about: Split your mortgage payment in half and pay it every 2 weeks. Done correctly, this can help you make the equivalent of an extra mortgage payment each year which may reduce your balance faster, cut interest, and potentially knock years off your mortgage. And if you add extra overpayments when affordabl
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Your bank benefits when you pay your mortgage the…. Most homeo…
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Most homeowners spend decades building equity... But can't actually use it without: ❌ Refinancing ❌ Taking out a second mortgage ❌ Selling their home That's backwards. This client is using a First Lien HELOC to build something instead of just making payments. 🚗 Growing his Turo fleet 💰 Reusing his equity as he pays the balance down 🏦 Becoming his own source of financing Projected results: ✅ Debt-free in 4.2 years ✅ Over $571,778 in projected interest savings ✅ 30 years of access to his equity
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