This deal is NO LONGER
AVAILABLE
|
Funds
Required: |
$45,000 |
|
Interest Rate: |
12% simple interest only |
|
Interest Earned: |
$5,400 per year / $27,000 total |
|
|
Term: |
5-year open, lump-sum payment |
|
Fees: |
Legal and trustee fees paid by us |
|
Special Options: |
Renewable for 2 year additional term |
|
Property Mortgaged: |
5-bedroom split-level home in Edmonton, Alberta,
built in 2006 |
|
|
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
