Uncovering the Secret to Paying Off Your Mortgage Faster: Tax Deductible Mortgage Strategy

[@11511mido]

Hi Todd thanks for the video! Will this apply to me when I own the rental unit in a corporation? Im the sole owner for the house and the real estate company?

[@precedenceprivatewealth2872]

Hi 11511, Thanks for watching. Send us an email at [e-mail] where we discuss the rental property and how it works within the strategy.

[@prasadranay]

Couple observations/clarifications: 1. Lender allows the ‘extra’ payment. 2. The 6% income distribution is that monthly investment proceeds from the Tax distribution account? 3. If yes, What investment vehicles do you deploy the funds in

[@TwinworldGameReviews]

The 1 thing that's been bugging me about this, is using the heloc to pay the heloc interest. With $567 vanishing (goes to loan company / bank) each month, your heloc is essentially $567 larger than your investment principle (before capital growth). This would mean, after each year, your heloc balance is $6804 larger than your investments purchases. In 10 years, that's a $68k difference before investment growth and the 6% distributions being removed. The 2 workarounds I find would be (A) use part of the distribution to cover the interest fees, with the rest going into the mortgage principle... or (B) take the equal value of your distribution that would match the heloc interest and then invest it within a TFSA as a safety net ($567). This way, for part B, you still pay the interest fee with your heloc, but then you're taking that same value off the distributions for tax-free growth investing. Should the time come that you need the TFSA portion you set aside to pay off any balance difference between the HELOC and your taxable investments, you have that buffer available (which can be replenished the following year back into TFSA if there's extra income). Doing part B, your mortgage will take a little longer to fully convert over, but depending on your TFSA growth... you might even be able to pay it off a little sooner (and have that extra contribution TFSA room as well after) On a side note, I wonder how much more effective this would be when you combine it with velocity banking / manulife one. With the mortgage being in a simple-interest heloc account versus a compounded-interest mortgage account, monthly mortgage interest fees should be less. This would mean more % going to principle on each payment, thus mortgage is being converted over to tax-deductible interest sooner (even without using the whole checking / savings component).

[@cksh4182]

should I invest in dividend paying stocks or investments that are purely capital gains (with chance to pay income)?

[@precedenceprivatewealth2872]

Hi cksh, thanks for your question. Focus on earnings growth and proper diversification among non-correlated asset classes and you will receive more than enough income from your investment portfolio and also provide protection from collapsing markets. Here is a video we shot on Dividends that may help. kzbin.info/www/bejne/eJjVequZhZJ_jsU

[@Jeff-ps5tg]

I love when they use words like "unlock" Lets be real here, you are leveraging against your house for a loan. I'm not saying that is a bad thing, I just don't like when people dance around saying what it is.

[@andrelefrancois2459]

Few questions. 1. Do you need to have a rental property for this to work? 2. For your step line of credit to go up wouldn't you need to pay to have your home re-appraised every year? 3. How do you re-borrow from Mortgage. Are you not just taking back the equity you just put in? 4. Would a traditional bank allow you to do this?

[@precedenceprivatewealth2872]

Sorry for the delayed reply Andre. We just noticed your comment was not addressed. 1. You do not need a rental income property. Over 80% of our clients within this tragedy do not. 2. Because your regular mortgage (non-deductible portion) is paid down each month there is no need to reappraise the property as you are approved for the overall limit. The equity becomes available automatically once your payment is applied to the mortgage. 3. We set up recurring re-advancements to execute this aspect of the strategy. This ensures accuracy and confirms that all cash flows will run smoothly for the year. They get reviewed and reset every year or when interest rates move sharply. We use our private banking relationships with Canadian Banks to execute this in behalf of our clients. However, there are really only a couple that have the infrastructure that we like and recommend.

[@OK002]

How come the banks don’t follow this strategy?

[@OCMC8819]

Amazing video. I’ve watched it 10 times over. I have a rental property, how can I get started doing this? Seems like an absolute no brainer. Thanks for sharing.

[@precedenceprivatewealth2872]

Thanks very much for watching. If you send us an email at [e-mail] I can have you speak to our lead advisor Todd McLay.

[@froggypeeps]

Where does the income tax on the rental income come into play?

[@precedenceprivatewealth2872]

It is the exact same as it would as the real estate assets are separate from this system. It is only the use of the rental income to improve the cash flow efficiency that is utilized. Hope that helps clarify!

[@mordet2]

wait, so that's assuming a 6% rate of return Monthly? which means that the annualized rate of return is a tad over 200%. am i understanding this correctly?

[@toddmclay5029]

Mordet wouldn’t that be nice!!! The illustration is assuming a 6% net return annually, paid out monthly. 😊

[@SumitKumarr1]

You don't talk about or consider fees on 2 investment accounts which will be set up. What if the Prime goes up and the interest rates goes up on the secured line of credit will the investment be still invested in 6% return? How this will work if the equity after considering the mortgage balance is only $10,000? Plus the interest cost on line of credit will keep going up as we end up in borrowing more every month.

[@TwinworldGameReviews]

I'm hoping you can provide some info on the following idea! Once the mortgage has been converted to a 100% tax deductible HELOC, here’s my idea that I’ve thought of to move the non-reg investments into a TFSA while maintaining the full tax-deductible heloc. When doing the initial deductible Mortgage strategy: $100k mortgage to pay down $0k LOC becomes $100k once mortgage fully converted. cost to service interest on LOC will be 10% of value to make this easy. Once mortgage is complete: 1. $10k (10%) of heloc was used to service the interest on heloc. 2. $90k of heloc was used for investing. 3. $100k is now total value of heloc, which is 100% tax deductible, even though investments are only $90k. 4. If you now sold the $90k investments (assuming no growth), you still have $10k left on heloc to pay, which should still be 100% tax deductible. 5. That 10k still owing is the idea to my conversion below, but we’re turning that 10k (10%) of heloc into 100% of the heloc during the conversion. HELOC Conversion Phase example: Old Mortgage Payment = $1,000 / month Borrowed HELOC balance = $100k Interest on HELOC = $1,000 / month (Going to use 1% / month for simplicity) Initial stock purchase Portfolio = $100k (100 shares x $1,000 each) Final stock Portfolio at end of above mortgage conversion = $200k (shares double in price due to stock appreciation) 1. Instead of just pulling out 100% of the investment (50% pays 100k heloc balance / 50% goes into TFSA), each month I would pull 1% (1 share) of my portfolio ($2000 price per share currently). 2. Since ACB is $1,000 per share, each 1% monthly pull of $2000 provides 50% capital gains (ignoring capital gains tax for now). So $1k goes back onto heloc (making it 99k balance) and $1k goes into TFSA. 3. The old mortgage payment of $1k goes into my TFSA each month as well, to purchase previously sold investments, instead of using it to service the existing $1k interest on the $100k (now 99k) HELOC. 4. I then re-pull the 1k from heloc (bringing it back from $99k to $100k) to service the $1k monthly interest charge. (avoids any extra out of pocket expenses) 5. As this continues for the next 100 months (assuming stock value remains the same), you’re using 50% of the portfolio to service the HELOC interest payments. That 50% is also countered by your old mortgage payments going into the TFSA, while the other 50% of the portfolio (capital gains portion) has also been moved into TFSA. (monthly interest expense should be enough to counter any capital gains taxes incurred in the example at years end) 6. You should still have a 100k heloc that is tax deductible, because you used the original investment principle to service the monthly interest over those 100 months. (similar to your investment principle going to 0 due to stock bankruptcy) 7. You are now growing the investments tax free, while benefiting from continued tax deductions off the heloc. At this time though (as non-reg investments are now exhausted), you’d have to start using your work income to service the $1k interest fee. What are your thoughts on this strategy? I hope that I haven’t confused you anywhere and that I haven't missed any tax-related things.

[@precedenceprivatewealth2872]

Great concept, however you may run the risk of an unfavourable review with CRA. For the small amount that would be deposited to the TFSA for likely only 6-7 years it most likely would not be worth it in our opinion. However, from a technical standpoint the interest deductibility would be correct the way you have described it. You’d be better off taking the full amount of the tax refunds provided and depositing those into the TFSA as it would be far clearer. Also, slowly stripping the capital gains as they should be mostly offset by interest deductions as well. That would be our preference.

[@TwinworldGameReviews]

@@precedenceprivatewealth2872 I'm glad to hear the technical side of this strategy seems solid. It would seem odd for the CRA to decline the process, if they've already approved things during the deductible mortgage strategy phase, but I could see it if the CRA reviewer wasn't familiar with things. I guess you'd have to attempt to dispute it at that point or something. I am confused on the part regarding "small amount that would be deposited for 6-7 years to TFSA". With the example, there would be $1000 per month being converted from capital gains to TFSA investment, which is $12k / year. Over 6-7 years, that would amount to $72k - $84k just from capital gains being moved. For a real world scenerio... 2.95% Heloc with 400k borrowed would be ~$12k / year interest deduction. With that, one could move $24k / year (since only 50% of capital gains is taxable, which is $12k to counter $12k interest from Heloc). If the 75% capital gains tax is approved, then the numbers would need to be re-done. I totally forgot to mention tax refunds in the original example, but those would go to TFSA definitely (if there's contribution room, else they'd go to RRSP). That would be on top of the $1k / month going there from the old mortgage payments, along with another $1k / month from the capital gains transition. With $2k / mth going to TFSA (before tax refunds), one should be able to max out their TFSA within 3-4 years. Successfully using this strategy alongside the TFSA maximizer would be huge if someone has a big RRSP account. From what I'm understanding above, you're suggesting to still move the capital gains to TFSA, but put the original principal back into non-reg investments after taking the capital gains? Then I guess the old $1k mortgage payment would be used to pay the Heloc interest instead each month?

[@precedenceprivatewealth2872]

Correct. That is exactly what we would recommend. Seems like you have a pretty good handle on things! 👌🏻😊

[@SaadAli-ii7oz]

Would the $725 investment income and $1,750 rental income not be subject to tax at the marginal rate so reducing the returns significantly?

[@dylannorberg3059]

I think I just fell in love this is the absolutely most brilliant thing I’ve ever heard! However since you’re not allowed to use home equity to purchase a house anymore, would you still be able to purchase a secondary property with this strategy??

[@precedenceprivatewealth2872]

Dylan Norberg thanks for the kind feedback. We appreciate it. You most certainly are allowed to use mortgage equity to purchase secondary properties...curious where you may have heard otherwise. In fact those with rents income properties have even better advantages with this strategy. Let us know if you have any questions or would like to explore further. Thanks again for your attention and consideration Dylan!

[@andreanelson8110]

This is very interesting! Regarding the income distribution fund on the left of your diagram ($725). Is this limited to non-registered funds?

[@precedenceprivatewealth2872]

Thanks for your great question Andrea Nelson. Yes, the investments must be non-registered to preserve the borrowing to invest rules and the tax deductibility of the interest. Hope that helps!

[@precedenceprivatewealth2872]

duchess eagle hi 👋🏻 we sent you a previous message as a reply to a question you had on another video. Please reach out to us at [e-mail]

[@sylvainh2o]

@@precedenceprivatewealth2872 approx how much does it cost to have such strategy managed by Precedence Private Wealth? is it something worth it even for someone with a house with a market value of around 400 000$?

[@malazkserawi7733]

Great video, definitely interested in applying it. Question: is HELOC interest deductible against all rental property expenses ? mortgage payment (principal and interest portion) and even downpayment or Deposit for pre-construct?

[@precedenceprivatewealth2872]

Yes, however, there are certain rules that need to be accommodated. Happy to walk through the details with you. Thanks again for watching our content. Glad you found it to be valuable to you.

[@NielTenebro]

I have to be honest I'm a bit confused. Yes, you will end your mortgage earlier but because you keep borrowing the line of credit attached to your mortgage you are just technically moving from one debt to the other just named differently. Yes, you can claim the interest rate but remember you are paying two interest from your mortgage and loan from your line of credit. Very complicated if this really works but sorry I definitely don't get this. Any type of debt is bad.

[@andrewolejarz5293]

Your last statement means you have lots to learn. Debt with low interest rates that is tax-deductible is most definitely good debt. It's simple math: If I can borrow $1000 at 3% interest and invest that to get a 6% annual return, I am getting a 3% ROI every year, for FREE. Scale up those numbers and it's easy to see why it's called good debt.

[@NielTenebro]

@@andrewolejarz5293 i definitely have lots to learn. I never claimed I know everything. Financial aptitude is lifelong endeavor. It's always easy to say you pay 3% interest and have 6% return every year but if you can good for you.

[@BlaineLang]

Thanks for the great video explaining this strategy - we Canadians need all the help :) I have a rental income property that I want to use this strategy for and had a couple questions. I have a separate bank account where all the rental income and expenses come in and out of - no personal income or expenses intermingled. 1) Can I use this account as the tax clearing account or do I need another account ? I plan to apply the full rental income ($2000) to my principle mortgage and pay the full rental income property expenses ($1800) from the principle residence HELOC (sub-account that is setup just for this investment purpose). 2) Can I do the bank transactions quarterly (transferring the rental income as pre-payments) and drawing down on the HELOC as transfers to the Rental Income Property Account)? It does not appear there is much of a difference in the mortgage pay down or tax benefit if I do this quarterly or monthly. 3) I am assuming there does not need to be an additional profit or dividend payment (6% in your example) applied as a principle mortgage pre-payment correct? Thanks again for your professional help!

[@precedenceprivatewealth2872]

Hi Blaine, Thanks for watching our content. Yes, you likely will require another account as most lenders will not allow line of credit interest to be capitalized and paid by the same account. You can also set up the payments in any schedule you wish. As long as the funds are available on the “backend” to satisfy your interest requirements and rental expenses. It is not mandatory to have an income fund however it makes the strategy much more superior. Hope that helps clarify further for you.

[@BlaineLang]

@@precedenceprivatewealth2872 Thanks you so much for a very clear and concise answer - oh and for working on the weekend as well :)

[@mikedemizio9731]

I believe in one of your previous videos you mentioned a doing a future video about how you invest for the 6% returns. Is there any chance you could cover this a little more. Your videos have been great and I'm quite interested in this method you are proposing to cut mortgages significantly. Thanks for the great info so far. Mike

[@toddmclay5029]

MIKE DEMIZIO Hi Mike! Most definitely. The video is actually being approved by our compliance department as we speak and will be our very soon. Appreciate the feedback and support. Let us know if you have any other topics or strategies you would like to see more content on in the future. Take care!

[@ferguswong9163]

Hi, thanks for the video! Question on adding rental income through this strategy: How is the resulting extra interest being covered when the same $567 goes back into the LOC? If the rental property already has a mortgage, and that interest expenses are already being deducted, are the extra interest from this strategy eligible to be deducted again? Thanks

[@precedenceprivatewealth2872]

Thank you for your reaching out Fergus. We are glad you found this video helpful. Great question as well! You are correct. Recall that we are simply flowing through the rental income through the principle mortgage and then paying the rental expenses out of the tax clearing account. Therefore, every month more and more of the interest becomes tax deductible. It is like paying tax deductible debt with debt from CRA’s perspective. Which ultimately would be considered tax deductible. Hope that helps clarify. Let us know if you have any further questions!

[@ferguswong9163]

@@precedenceprivatewealth2872 Thanks! But doesn't that mean you have to service this extra interest from drawing back the rental income out? I see that on the diagram the same ~$560 goes back into the LOC. Why isn't it higher after we draw out this extra rental income?

[@precedenceprivatewealth2872]

Fergus Wong another great question! It is because the extra equity that is created needs to be “invested into an asset that has the potential to pay income”. This preserves the interest deductibility of the principle mortgage “good debt”. Let us know if that still is unclear. I’m happy to have a quick chat to further explain if need be.

[@adelsoaadi6657]

Assuming a 2.95 heloc is $4500 per annum and 6% return is 9k. Do you not pay a bit of tax on the spread after tax credits are applied for dividends. Obviously the 4500 is assuming 150k stays at 150k but I understand that it will increase as you borrow more. And so will your returns.

[@precedenceprivatewealth2872]

Yes. You very often may. But this is usually controlled by the investment team to defer the taxation as long as possible so that the tax preferential treatment and refunds can be significant factors in the early years.

[@TwinworldGameReviews]

@@precedenceprivatewealth2872 I'm guessing the only way to avoid the dividend tax is to invest all dividends into your RRSP until the HELOC is paid off. This gives you a tax credit against your income level (paying interest on HELOC), along with income level credit against the dividends going into RRSP (which is higher than the tax on the actual dividends). This would be done after the mortgage is paid off though I assume. At which point, you'd implement the RRSP to TFSA maximizer.

[@adelsoaadi6657]

Assuming you stay in the property until its paid off without having to sell before hand I take it? Is the idea that the portfolio built will be big enough to pay off the heloc when house is paid off? And then hopefully plus some. Do you not have to pay taxes on dividends received from the cash account portfolio. Also sticking to canadian dividend allstars vs us? Is the 150k heloc just the initial start or just a number used in the demonstration? What if you had more than 150k in equity. Obviously it results in higher interest, but more dividend income. I personally think that having the monthly interest paid every month feels safer. Why do some strategies call for borrowing to pay interest and keep investing? How do you approach the scenario, that the set income recieved as dividends do not come monthly, but per quarter? What if you are not in a higher tax bracket and self employed? Pay yourself shareholders contributions from a Ltd company. If done with a spouse I assume everything is the same but 50/50 on taxes if the property is in both names? Do you use this method? Thanks. Bit of a long reply there.

[@precedenceprivatewealth2872]

Best to send us an email directly and we can address these great questions for you. Reach out to us at [e-mail] Happy to walk you through all of these initial inquiries and questions. Thanks for watching! 🙏🏻

[@Bondanalloy]

would it be effective to put some of the loan into a tfsa and get the tax benefits, or is the tax-deductible nature only effective in a non-registered account?

[@toddmclay5029]

BonadanAlloy great question! You are correct. It must be invested into a taxable or non-Registered account in order to become tax deductible. Let me know if you have any other questions!

[@Bondanalloy]

@@toddmclay5029 I'm definitely interested. Not sure exactly how much equity I have on my principle residence but the mortgage is less than half at least.

[@toddmclay5029]

BonadanAlloy okay that’s great. Sounds like you should be eligible. Please reach out to us at [e-mail] and we will coordinate a time for an introductory call/meeting together to discuss further. Looking forward to the opportunity to serve you.

[@ConsultAccounting]

So would u not be paying capital gains tax when u redeem out of the investment fund...or the investment income tax on the income...obviously its a good idea to use the money sitting idle...key is that u r investing at 6 and borrowing at 3...

[@precedenceprivatewealth2872]

Sorry for the delayed response. We just noticed your question was not addressed. Our apologies. Great question! It’s a little more complicated, but we simply begin liquidating the equities to offset the tax refunds you will ultimately receive in order to potentially avoid all capital gains within exiting the strategy. If you would like to discuss these specific details further it may be best to schedule a quick call with a member of our team. Thanks again for the great question!

[@zenaidaildefonso9222]

I'm really interested for your strategy sir and i want to meet you personally to get more information we here in Mississauga Ontario sir do you have office here in Mississauga sir?

[@precedenceprivatewealth2872]

Hi Zenaida, Thanks for checking out our content. Would you be available to speak by phone in order for us to get a better handle of your situation? [e-mail]

[@mikestephenson6713]

A question.... can something like this be set up reasonably, from multiple sources... I have a TFSA and an RRSP as does my spouse, or would that become too messy?

[@toddmclay5029]

Mike Stephenson not at all. However, because there are a lot of moving parts to this strategy we always recommend using a professional firm to assist you. The benefits massively out weigh the costs to obtain the advice. Precedence has been successfully managing this strategy for our clients since 2008. It’s our specialty! 😊 let us know if you have questions or would like to speak with us about how you would benefit within your own specific situation.

[@mikestephenson6713]

Todd McLay, thanks very much. I am going to start with my own accountant to see if she is familiar. We are almost mortgage free, but a house upgrade in the coming year will likely suit us using this strategy. Thanks again. Good video.

[@toddmclay5029]

Mike Stephenson you’re very welcome! Let us know if you have any questions along your journey!

[@TwinworldGameReviews]

I wouldn't touch the RRSP unless you qualify for first-time home owners. Once you pull the funds out, you are not able to get that contribution room back.

[@lizagrace8888]

Can u pls open an office in Durham region!!!

[@precedenceprivatewealth2872]

Hi Grace, Thanks for following our channel. Although we are based in Saskatoon, the majority of our clients are in the GTA. If you would like to speak with our lead advisor Todd McLay to see if we are a good fit for you, please email me [e-mail]

[@zenaidaildefonso9222]

Hi sir how much the charge for your qualified client

[@toddmclay5029]

Thank you for watching our video. Our team can handle all sizes of clients. Our private wealth platform requires a $250k minimum however. That being said we really base the decision of bringing a new client on based more on attitude then we do on initially asset value. With the right mindset we can build wealth very quickly for a client. If you would like to have a quick call to learn more reach out to us at [e-mail]. Thanks again for the time and attention. 🙏🏻

[@brianb7232]

Hi! You mentioned 6% monthly distributions from the investment account (which was fully funded from borrowing from the investment line of credit secured against the equity and fully tax deductible). I was under the impression that you must maintain the asset in order to write off the interest. If we are reducing the asset by 6% a month, does that not disqualify the ability to deduct the interest for the same? The videos have been great thus far and look forward to connecting. HL

[@precedenceprivatewealth2872]

Brian Bertsch great question!!! If the growth of the account is less the 6% then we would be required to adjust the deductibility accordingly. This is a little more complex in nature and is the very reason why having a professional manage this strategy is all the better. However, note that in our entire tenure managing these strategies we have never been forced to adjust the amount that is deductible. We have accomplished this with very specific capital gains and loss crystallization. Hope that helps! Really looking forward to hearing from you Brian.

[@brianb7232]

@@precedenceprivatewealth2872 hi, thank you for the reply. I have emailed you directly.

[@precedenceprivatewealth2872]

Brian Bertsch you’re very welcome. Looking forward to connecting with you!

[@brianb7232]

@@precedenceprivatewealth2872 hi, never received a response to my email? thanks

[@precedenceprivatewealth2872]

Brian Bertsch thank you for letting us know. We must not have received it. Regardless we will make sure to get a response to you ASAP! Please email me (Todd McLay) directly at [e-mail].

[@mjgumayagay2041]

Very interesting video! I have read about the Smith Manouevre, which is very similar to this, and I own a rental property already. I also saw in one of the comments that you are coming out an even better strategy - one that you can use to finance cars and such... (sounds similar to Infinite Banking). Nevertheless, I am very interested in this new strategy that you are going to unveil.

[@precedenceprivatewealth2872]

Mj Gumayagay thanks for reaching out! Glad you found our content to be valuable! If you own a rental property then this strategy is a complete no brainer. Free tax benefits can be obtained simply be rearranging your cash flows....and correct. It is our own spin on the infinite banking process around mortgages and other financing opportunities. Just like the tax deductible mortgage strategy we’ll be adding detailed processes and professionalism to an already great opportunity to enhance it even further. Best way to stay informed is to subscribe to our channel and our weekly news letter “Setting Precedence” at www.precedencewealth.com

[@N.Naz.]

Does it work for Quebec?

[@precedenceprivatewealth2872]

Naz yes it most certainly does. However, we are not licensed in Quebec currently. But I would be happy to walk you through how to possibly do this on your own. Not sure if you would be interested in that approach...

[@N.Naz.]

@@precedenceprivatewealth2872 I would be interested!

[@precedenceprivatewealth2872]

Naz email us at [e-mail] and my team will prepare an illustration for you to review. This will help us guide you through what is required to do this on your own.

[@emilemassenat2037]

Can you use

[@emilemassenat2037]

Can you use the rental strategy you showed if the rental is under a corporation?

[@precedenceprivatewealth2872]

Unfortunately not. It would simply be far too complicated from an accounting and cash flow perspective. This unfortunately is one of the reasons why Canadians sometimes should consider owning rental properties personally...At least the first couple anyways 😊

[@zenaidaildefonso9222]

Hi sir my mortgage is already 18 years wow if we know you earlier then my mortgage already paid off sale price of house that time is 214k sir

[@zenaidaildefonso9222]

We need your help sir

[@precedenceprivatewealth2872]

Please reach out to us at [e-mail] and we can schedule an initial discovery consultation.

[@mrwhy8073]

Similar to Smith Maneuver?

[@precedenceprivatewealth2872]

Doug Young exactly...only accelerated and more precise. But over all the same conceptually.

[@jacksoncn]

@@precedenceprivatewealth2872 I'm in the process of setting the Smith Maneuver up with my accountant. Can you elaborate on the differences a little? Also considering the “Cash Flow Damn” option. What's your opinion on that? Thanks.

[@precedenceprivatewealth2872]

Clay Jackson hi Clay. Congrats on taking control over your mortgage financing! The difference between our strategy and the Smith Manuever is two fold. We automate every transaction completely including the tax filing process. We also enhance the speed of this strategy by adding additional investment returns to the equation. However, before you pull the trigger on this I would invite you to stay tuned to our channel as we are soon going to release an even better strategy. Individuals will endure much less risk and have greater certainty on when they will become mortgage free. You also can use the strategy to finance vehicles and other loans and have them paid off much sooner than usual. So stay tuned as we begin releasing more content and education on this strategy over the coming weeks.

[@jacksoncn]

@@precedenceprivatewealth2872 Great! Yes, I'm very excited to take action on this but am educating myself as much as possible first. I'm watching your other videos now too. I see you're in Saskatoon. Do you work with clients in Victoria, BC?

[@precedenceprivatewealth2872]

Clay Jackson yes. We serve clients from BC all the way to Ontario and soon also in Quebec as well. So we would be happy to have an introductory call together to see if there would be a fit for us to assist you. If you’d like to connect please email us at [e-mail]

[@QuentinQuark]

9:45 - 10:30 I think the top payment which is the blended mortgage payment, you should take off the interest part and just pass through the principal part to the line of credit... Hope you're good Todd. Alim.

[@cherylboodoo8633]

What investment fund account are you investing in to generate an extra 6% monthly income in addition to the regular mortgage payment? Stocks, Mutual Funds?

[@precedenceprivatewealth2872]

Hi Cheryl, Thanks for watching the video. If you would like me to send you an overview of our investment portfolio, please send an email to [e-mail]

[@eugene4817]

IMHO, as of today it may be a better idea to invest into BTC, wait out a few months or a year to 2x-4x your fiat investment value and then pay off mortgage while paying capital gains lower tax on the profits you made with BTC. Fiat is gonna be cheap soon, dump it into your loans. Keep some BTC for securing your future.

[@precedenceprivatewealth2872]

Certainly a possibility. It also sounds like the same amount of risk to me... 😉

[@zenaidaildefonso9222]

Hi is this legit video gow can we assure you that it's legit sir