RRSP Mortgage
RRSP Mortgage - Deal ID # RM104
This deal is NO LONGER AVAILABLE
This RRSP-eligible mortgage will be placed on a 5-plex we own in Ottawa, Ontario. RRSP Mortgage deals are very popular, so if you are interested, act now.
| Funds Required: | $97,608 |
| Interest Rate: | 12% interest only payment |
| Cashflow Earned: | $11,712 per year |
| Term: | 5-year open, lump-sum payment |
| Special Options: | Renewable for 2 year additional term |
| Property Mortgaged: | 5-plex in Ottawa, Ontario |
Details
- Your RRSP must be in a TD Waterhouse Self-Directed plan (account number must end with an 'S'). Note: RRIF accounts can also be used (account number must end with a 'T')
- With a minimum investment, we pay all administration fees for opening the mortgage and maintaining the mortgage.
- We do not pay fees to liquidate investments within the RRSP. These fees vary widely depending on the investment and must be paid by you.
- Interest accumulates (but does not compound) over the term, and is paid into the RRSP in a lump sum at the end of the term
- At the end of the term, we have the option to renew the mortgage for an additional term (specified above under 'Special Options').
- If we do not renew the term, the original borrowed funds are returned to the RRSP, along with all the accumulated interest.
- No tax liability is incurred by investing in an RRSP mortgage. The investment is still held within the RRSP.
Conference Call
- Wednesday, April 19, 2006 at 6:30pm EST
- 716-566-6067 (Buffalo, NY)
- Access Code: 216416
- Each Caller will be responsible for their long distance charges