Investments, Investment Mortgages and Cottages
Are You Looking To Invest In A Second Home Or Cottage?
You can use the equity in your home to provide the extra down payment.
You will save money with preferred interest rate of a secured mortgage or Line of Credit. The financing will be combined with your regular mortgage payment to make a single, convenient overall payment.
As a military personnel, you can qualify to use up to 95% of the equity in you home for the purchase of a second home.
Financing The Purchase Of An Investment Property
Use the equity in you home towards the down payment on the investment property. The equity can be taken out in the form of a Line Of Credit or by refinancing your current mortgage.
Financing Of Alternative Investments
Similar to financing an investment property, the equity in your house can be used to purchase investments, like GICs, mutual funds, bonds, etc. In this case, the mortgage interest is tax deductible, and you receive the benefit of a lower carrying cost due to the secured line of credit.
| The Military Mortgage Plan is the single plan you need to take advantage of it all! |
| For more information or to set up an appointment |
(416) 619-9248 |
ARupf @ MorCan . ca (without spaces) |
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