If you’d like to make your mortage tax deductible.

If you're concerned you're not saving enough for retirement or paying too much in taxes, your Mortgage Concierge Advisor can introduce you to one of today's most innovative financial strategies. By combining your mortgage and investments, a mortgage broker can effectively help you create a tax deductible mortgage that dramatically increases retirement savings while reducing taxes!

As you know, when you borrow to invest, the interest is generally tax deductible. If you borrow equity from your home to put into investments, the interest on your mortgage may become tax deductible. For instance, if your mortgage payment is $1,000 a month, $400 may be going to principal, so you've gained $400 in equity. But that equity is paying you zero return (except for the opportunity for capital appreciation). Instead of leaving it there, treat it like a bank account. When you put $400 into your equity account, you can immediately take it out, invest it and earn a return. If you do this consistently over a couple of decades, your investments can grow dramatically. Plus, if you use any increased tax refund to pay down your mortgage further, you'll have even more equity to invest!

Achieving these benefits takes a special type of mortgage. Called a line of credit mortgage (or re-advanceable mortgage), it lets you continuously extract equity from your home as you pay your mortgage down.

Not only does your Mortgage Concierge advisor have access to the specialized mortgage products required, we have partnerships with financial advisors throughout the Guelph and surrounding region who are experts in creating tax deductible mortgages. The first step is sitting down with you, discussing your goals, analyzing your financial situation, gauging how much risk you're comfortable with, and providing objective advice. Whichever solution we decide on together, we'll make sure you get the mortgage product best suited to your situation, then set everything up to make the process of investing your equity effortless.

If you'd like to talk with a mortgage broker in order to explore the possibilities of a tax deductible mortgage, contact us today.