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RRSP Mortgage - ID # RM105
This deal is NO LONGER
AVAILABLE
This RRSP-eligible mortgage will be placed on a
6 year old 3+1 bedroom home in Edmonton, Alberta. Edmonton is one of the
hottest real estate markets in the country and will provide plenty
of appreciation and security for your investment over the coming
years.
| Funds
Required: |
$50,000 |
| Interest Rate: |
12% simple interest only |
| Interest Earned: |
$6,000 per year / $18,000 total |
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| Term: |
5-year open , now only 3 years! lump-sum payment |
| Fees: |
Legal and trustee fees paid by us |
| Special Options: |
Renewable for 2 year additional term |
| Property Mortgaged: |
3+1 bedroom home in Edmonton, Alberta, built in
2000 |
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Details
- Your RRSP funds must be
transferred from your existing financial institution to 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.
TAKE ACTION -
Contact
us TODAY
Serious inquiries only please
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