HOW DOES THE STRATEGY WORK?

At its core, the approach uses a distinctive mortgage type known as the "readvanceable mortgage." This innovative mortgage structure amalgamates a conventional mortgage with a home equity line of credit (HELOC). As you continue with your regular monthly mortgage payments, the principal balance of the traditional mortgage diminishes, concurrently causing an expansion in the limit of your HELOC. Moreover, if you opt to make pre-payments on your mortgage, the growth of your HELOC accelerates.

The pivotal distinction lies in the targeted use of your HELOC. Instead of utilizing it for expenditures such as purchasing a car or embarking on a vacation, its purpose is directed towards funding an investment account.

The true magic emerges from this crucial detail. When you employ borrowed funds for investments, the interest payments on the borrowed amount are eligible for tax deductions. The swiftness with which you reduce the balance of your non-deductible mortgage plays a pivotal role in enhancing the efficacy of this strategy, leading to more substantial tax refunds and amplified financial benefits.

STRUCTURED, LOGICAL APPROACH

The Strategy may seem initially complex when encountered for the first time; however, once the underlying mechanics are grasped, it unfolds into a relatively straightforward process. To ease the initial learning curve, I've developed exclusive resources tailored for my clients, streamlining the concepts to their essential foundations. If the strategy seems to be bewildering, there's no need for concern. I'll provide clarity by employing custom-designed flow charts and diagrams.

Consistency is paramount. Your commitment is more likely to endure when you genuinely comprehend the strategy's workings. Collaborating with me in managing your mortgage offers the advantage of accessing my step-by-step framework. This framework is purpose-built, rendering both coherent and intuitive Advice.

ADVANTAGES OF THE STRATEGY

Accelerated Mortgage Payoff: Slash 7-10 years from your home mortgage timeline, potentially attaining mortgage freedom a decade earlier all without increasing your monthly payments!

This enables simultaneous retirement savings for your Financial Freedom.

Effortless Initial Setup:

Receive a personalized, complimentary report detailing the potential financial gains aligned with your unique circumstances. Upon deciding to proceed, the new mortgage configuration can be established in as little as 30 days.

Harnessing Elite Techniques of the Affluent:

Adopt lesser-known tactics employed by the financially adept to optimize your mortgage's tax status swiftly, and

efficiency, thereby augmenting your lifetime tax advantages.

Certified Expertise:

Benefit from My guidance as a Certified Professional Mortgage Broker.

WHO CAN BENEFIT?

The scope of the Strategy is extensive, making it a prudent consideration for the majority of Canadian homeowners. Notably, the benefits are particularly pronounced for individuals with elevated personal income tax obligations.

It's crucial to recognize that the manoeuvre exclusively pertains to reducing personal taxes and does not extend to mitigating corporate tax liabilities. This strategy operates solely on personal tax returns. Such income sources encompass salary, commission, hourly earnings, self-employed income via a proprietorship, rental income, as well as investment income.