RRSP Mortgages

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amit kalia
Member since: Nov 03

Posts: 434
Location: Mississauga
Post ID: #PID

Posted on: 13-02-07 17:26:33

Has someone invested in RRSP mortgage?

Instead of investing in mutual funds for my RRSP, I am thinking to invest in self directed RRSP mortgage on my home.

How simple is this? Anyone doing this already?

Regards,

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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
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dp_jain
Member since: Jan 04

Posts: 418
Location: Brampton
Post ID: #PID

Posted on: 13-02-07 22:03:31

One can also park their money in Real Estate Funds under Seg Funds. Real estate seg funds have been performing very well.

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Live and Let Live. Together we can make a difference.

DP JAIN, CPA, CGA, CPA (US), CA(I), LL.B.(I)
416-305-0080
(Loans, Mortgage, Tax, Accounting, Investments)

investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 16-02-07 23:10:34

Hi Amit,

Interesting to note that so many mortgage brokers/agents and realtors on this site who readily give quick replies and there are no answers to your question.

I have arranged RRSP mortgages for a number of people, if you wish you can contact/pm/email me and I can arrange to meet you to discuss the same. In the meantime, here is a link:

http://www.thecareguide.com/Resources/ResourceDetails.aspx?section=FinancialMatters&itemid=122

Take care and enjoy the weekend!

amit kalia
Member since: Nov 03

Posts: 434
Location: Mississauga
Post ID: #PID

Posted on: 16-02-07 23:22:24

Great!

You are right about what you said. I will soon get in touch with you after the weekend.

Infact, I did PM one of our CD's well known mortgage professional, but got no response(my guess--regular RRSP and tax season is keeing our friend tied up). I also spoke to another financial consultant, but it seems that not many people know about this.

Is this because, there is no lender's fee or is it too complicated for many mortgage professionals or simply not worth one's time and effort?

Well, I will be more than willing to pay the professional's fee for making me money, as a result of their valuable advice.

Cheers,

Rajeev Narula
Member since: Mar 05

Posts: 409
Location: Mississauga
Post ID: #PID

Posted on: 17-02-07 15:43:54

Quote:
Originally posted by investpro

Hi Amit,

Interesting to note that so many mortgage brokers/agents and realtors on this site who readily give quick replies and there are no answers to your question.

Investpro,

Realtors specialize in REAL ESTATE, not RRSP, that's why other Realtors on the forum did not pitch in with their advice readily. This is precise reaqson why Amit (Realtor) asked the question on the forum from specialists like you for RRSP advice....

Will appreciate if you could share your advice to Amit's question on the forum so that others may benefit as well.

Thanks

-----------------------------------------------------------------
Rajeev Narula, Broker, REALTOR®
ACE TEAM REALTY INC., Brokerage
10 Kingsbridge Garden Circle, Suite 704
(Opp Square One - HWY10/403)
Mississauga, ON L5R 3K6
Bus: 1-888-355-3155 Ext. 300
Fax: 1-888-443-3155
Email:
Web: http://www.RAJEEV.ca" rel="nofollow">LINK

investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 18-02-07 22:45:56

Quote:
Originally posted by Rajeev Narula

[
Investpro,

Realtors specialize in REAL ESTATE, not RRSP,

Hi Rajeev,

That's exactly the thought that ran through my mind when I wrote my post. I was thinking that perhaps if I hook up with a realtor maybe we can leverage off each other.

So I am making my first overture to you. How about meeting up? Perhaps we can come to a mutually beneficial agreement.

Should you be so inclined, please pm me.

Regarding RRSP mortgages, anytime you wish pls pm me and I can meet up with you to explain how it works in detail. The link I provided is a good overview though.

Rajeev Narula
Member since: Mar 05

Posts: 409
Location: Mississauga
Post ID: #PID

Posted on: 19-02-07 02:33:28

Hi investpro,
I sent you a pm and it said message has been sent...though I also see Outbox showing that message is still there. If you dont receive it, please page me thoigh my office or send me an email through my website.

Thanks,

Contributors: investpro(3) Rajeev Narula(2) amit kalia(2) dp_jain(1) lavsub(1) dudewheresmycar(1)

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