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RRSP Mortgage - ID # RM112
NO LONGER
AVAILABLE
Summary
This RRSP-eligible mortgage will be placed on a
commercially zoned triplex in Ottawa, Ontario.
Ottawa is one of
the most stable real estate markets in the country and will provide
security for your investment over the
coming years.
Financial
Information
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Funds
Required: |
$24,250 |
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Interest Rate: |
10% simple interest only |
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Interest Earned: |
$2,425 per year / $7,275 total |
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Loan-To-Value: |
65% |
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Term: |
3-year open, lump-sum payment |
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Fees: |
Legal and trustee fees paid by us |
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Special Options: |
Renewable for 2 one-year additional terms |
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Details
- Your funds must be
transferred from your existing financial institution to a
TD Waterhouse
Self-Directed plan (RRSP accounts must end with an 'S', RRIF
accounts must end with a 'T')
- With a minimum investment, we pay all
administration fees for opening and maintaining the
mortgage.
- We do not pay fees to
liquidate
existing investments within your RRSP/RRIF. These fees vary widely depending on the investment
and must be paid by you.
- Interest accumulates (but does not compound) over
the term. The total interest payment 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.
Contact
us TODAY for more information
Serious inquiries only please |
