General Zachary Schnurr 5 May
Introduction: Cash damming is a semi-sophisticated financial maneuver that can SLASH years off your mortgage and potentially (if implemented right through to the finish line!) turbocharge your wealth accumulation. Let’s delve into the inner workings of this elite strategy and unveil its potential benefits of what JUST ONE rental property can have. How Cash Damming […]
Read MoreGeneral Zachary Schnurr 24 Apr
My fellow Canadians! I have TWO files on my desk right now that we are using the CHIP Reverse Mortgage for, so I thought it would be a perfect strategy to share. It’s definitely a lesser-known secret in the world of home buying: the CHIP reverse mortgage from Home Equity Bank. Now, I know […]
Read MoreGeneral Zachary Schnurr 19 Apr
The FIRE Movement in Canada: Achieving Financial Independence and Retiring Early Welcome to the fiery world of the FIRE movement – but for this article, I am going to tailor for Canadians. If you’re tired of the traditional 9-to-5 grind and wonder how you can achieve it with all the expenses you already have while […]
Read MoreGeneral Zachary Schnurr 12 Apr
How Can The Smith Manoeuvre Help? Sick and tired of trying to figure out how your retirement is going to look? What about stressing over the fact there simply isn’t enough money left over after your mortgage and bills? Well, let me introduce you to The Smith Manoeuvre! What is The Smith Manoeuvre? A strategic […]
Read MoreGeneral Zachary Schnurr 7 Apr
How did one of my clients pay off their mortgage in 12 years? The secret is rental cash damming My client has been implementing this strategy using her rental properties for the last 15 years. The broker she has been using in the past is retiring and reached out to me to properly set up […]
Read MoreGeneral Zachary Schnurr 3 Apr
🏠 Discover the power of rental cash damming! The strategy centers on the fact that, as Canadians, our mortgage is not tax-deductible. (Unlike our friends to the south!) In other words, interest will only be deductible if the money you borrow is used for the purpose of earning income from business or property. The […]
Read MoreGeneral Zachary Schnurr 1 Apr
Unleashing The Smith Manoeuvre – Canadians only! The Smith Manoeuvre—a revolutionary strategy that empowers everyday Canadians to transform their mortgages into powerful wealth-building tools. Let’s dive into what it is and open the lid on a few the immense benefits, emphasizing its accessibility without the need for additional cash from your pockets. Understanding the Smith […]
Read MoreGeneral Zachary Schnurr 27 Mar
Unlocking Financial Potential – Let’s Get After It! Rental cash damming—a strategy often misunderstood yet potent in its potential to optimize financial returns. Let’s shed light on the truth: how to leverage your rental income to maximize wealth accumulation. Rental Cash Damming – What Is It? Rental cash damming involves redirecting rental income towards non-tax-deductible […]
Read MoreGeneral Zachary Schnurr 20 Mar
As Canadians, we are bombarded with information about mortgages, prepayment options, and strategies to pay off our homes sooner. Amidst all this advice, there’s a common misconception that simply changing the prepayment frequency will magically reduce the mortgage’s amortization period. Let’s debunk this myth and shed light on the truth: achieving a shorter mortgage term […]
Read MoreGeneral Zachary Schnurr 14 Apr
Choices, choices, choices Mortgage payment frequency is an important factor when it comes to budgeting for homeowners. Depending on the mortgage type, homeowners can choose from accelerated, bi-weekly, weekly or monthly payments. Each payment frequency has its advantages and disadvantages that must be taken into consideration when deciding which one to use. The two most […]
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