Sentences with phrase «rsp mortgages»

Self - directed RSP mortgages and mortgages on commercial properties are not eligible to be insured.

Not exact matches

It offers no - fee banking products, including chequing accounts, high interest savings accounts, TFSAs, GICs, RSPs, mutual funds and mortgages.

Frequent use of PADs includes mortgage and utility payments, membership dues, charitable donations, RSP investments, and insurance premiums.

I'm wondering whether it would be wise to cash in our RSPs and use the after - tax amounts to pay down the mortgage on our investment property, which is substantial right now (and I'm concerned about interest rates going up).

As long as you can live within your means now and pay off your mortgage before retirement, you will have significantly more flexibility in the future if you don't touch your RSPs.

One - third of Canadians are taking advantage of low interest rates to accelerate mortgage payments, plus info on RSP withdrawls and more.

We have been mortgage - free since 2008, have RSPs, some TFSAs and we are approaching maximum contributions allowed in our children's RESPs.

And then once the mortgage is paid off, you're already used to living below and then you applied what were the mortgage payments into financial assets, into your TFSA and your RSP, into non-registered savings so you just continue the stream of income that you were used to coming out, pay yourself first, automatic payments and that way to me, you just go seamlessly from paying down the mortgage to building your wealth.

Personally, if you are «stressing» about where to put all your money between your RSP and mortgage or new TFSA, then you need to have a kid or two — that will fix up your problems pretty quick!

I understand your basic premise, if you're paying 3 percent on your mortgage and earning 6 percent on your RSP or after tax on in the stock market, it's a no brainer.

Another complication at pursuing mortgage borrowers for losses on mortgaged houses is that RSPs have been bankruptcy remote since 2008.

I have a savings accounts, TFSA, RSP's and a mortgage with ING.

lol) and i am starting to think that I would be be better off using the RSP contribution to pay down the mortgage even fast, thus re borrowing faster to invest.

Bonnie has more protection on the fixed income side with a 3 year GIC from TD Mortgage Corp and a corporate bond from Scotia Capital (maturing in 2011), but apart from that our RSPs are very similar.