The First Home Savings Account is a tax-advantaged account that combines the power of a TFSA and RRSP to help Canadians save a down payment. Contributions for your First Home Savings Account (FHSA) are tax-deductible, and withdrawals are tax-free, giving you the best of both worlds while investing for your first home purchase. Canadians can contribute up to $8,000 annually, up to a maximum of $40,000. Reach out to learn more. #FirstTimeBuyer #enrichyourmortgage
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Interested in saving for downpayment? FHSA is a great option. If you need an introduction to a financial planner that can help you get started let me know
The First Home Savings Account is a tax-advantaged account that combines the power of a TFSA and RRSP to help Canadians save a down payment. Contributions for your First Home Savings Account (FHSA) are tax-deductible, and withdrawals are tax-free, giving you the best of both worlds while investing for your first home purchase. Canadians can contribute up to $8,000 annually, up to a maximum of $40,000. Reach out to learn more. #FirstTimeBuyer #enrichyourmortgage
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The Reserve Bank of Australia (RBA) recently decided to keep the official cash rate at 4.35%. The RBA’s decision to pause rate hikes offers a window of stability, which can be advantageous for securing better loan terms. As you navigate your home loan options, there are some key considerations to help you make an informed decision. Read more at our latest blog post: https://bit.ly/4b6HjlR Whether you’re considering refinancing to take advantage of lower rates or fixing your rate to ensure stability, professional guidance can make all the difference. We’re here to help you make the best decision for your financial future. #TheLoansSuite #SMSF #FinanceBroker #Budget #Australia #Penrith #BrokerLife #Finance #AustralianHomes #AustralianProperty #SmallBusinessOwners #AusWide #Sydney #Mortgage #RealEstate #MortgageBroker #Refinance⠀
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IFSE brings you highlights from the Government of Canada publication “The Financial Well-being of Canadian Homeowners with Mortgages” in this design series. https://bit.ly/434U3Fx #IFSE #institute #investment #banking #insurance #exempt #market #continuing #education #personal #development #online #classes #CE #finance #mortgage #homeowner #financial #wellbeing #Canada
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IFSE brings you highlights from the Government of Canada publication “The Financial Well-being of Canadian Homeowners with Mortgages” in this design series. https://bit.ly/434U3Fx #IFSE #institute #investment #banking #insurance #exempt #market #continuing #education #personal #development #online #classes #CE #finance #mortgage #homeowner #financial #wellbeing #Canada
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IFSE brings you highlights from the Government of Canada publication “The Financial Well-being of Canadian Homeowners with Mortgages” in this design series. https://bit.ly/434U3Fx #IFSE #institute #investment #banking #insurance #exempt #market #continuing #education #personal #development #online #classes #CE #finance #mortgage #homeowner #financial #wellbeing #Canada
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Principal Broker at iMortgage Capital | Expert in Real Estate Investments, Loans & Mortgage Lending | Land Development & Pre-Construction Specialist
🔍 THINK SMART: USE YOUR TFSA FUNDS TO PAY DOWN YOUR MORTGAGE 🔍 📌 Some Facts About A TFSA: - TFSA (Tax Free Savings Account) enables Canadians to contribute and enjoy tax-free profits from investments. - Remember, a TFSA is NOT AN INVESTMENT! Studies reveal that most Canadians are unaware of their TFSA investment details. - Key Question: Do you understand where your TFSA funds are invested? Maximize returns to benefit from your TFSA. 🏠 A Mortgage Reduction Strategy: 1. Real Cost: With a 5% Mortgage interest rate, you're paying 7% to 8% in after-tax dollars. 2. If your returns are below 8%, consider using TFSA funds to pay off the mortgage. 3. Home Profits are Tax-Free, like TFSA investments. 💡 Strategies: - Cash in your TFSA to reduce your mortgage balance. - Secure a line of credit against your home equity for future personal needs. Make informed financial decisions for a secure future! 💰🏡 #TFSA #MortgageReduction #FinancialStrategy #FinancialFreedom #SmartInvesting #MortgageTips #PersonalFinance #InvestingWisely #FinancialPlanning #HomeOwnership #MoneyManagement #WealthBuilding #DebtFreeJourney
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The Reserve Bank of Australia once again decided to keep the cash rate steady at 4.35%. While we may have to wait a bit longer for any rate drops, it's still a positive step forward. For those diving into the exciting journey of buying their first home, this news is a win! It gives you a clearer picture of budgeting for your deposit and loan repayments. Do you have any questions or need guidance on your options? Don't hesitate to drop us a message. We're here to support you every step of the way! 🏡 💼 #bricksandmortgage #firsthome #financialwellness #financialfreedom #outsource #worksmart #trustedadviser #refinance #parramatta #parramattamums #finance #parramattariver
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"Connecting Individuals with Exceptional Financial Advice: Connect with our Lead Advisor Todd McLay!"
🏡 Unlocking Financial Freedom with the Tax Deductible Mortgage Strategy 📊💰 For many Canadians, income tax and mortgage interest are among the largest expenses they face. But what if there was a strategy that could help you reduce both simultaneously? 🤔 Introducing the Tax Deductible Mortgage Strategy: By converting mortgage interest into a tax-deductible expense, Canadians can boost their tax refunds with each regular mortgage payment. Plus, directing those refunds toward their mortgage accelerates the journey to mortgage-free living! 🏠📈 Take control of your financial future and explore the benefits of this innovative approach. 🚀💡 #TaxDeductibleMortgage #FinancialFreedom #MortgageStrategy #TaxRefunds #RealEstate #Finance #Investing #TaxSavings #WealthBuilding
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SVP | Mortgage Banker - 50 states | Serving Homeowner and Investors | HIRING Great Loan Officers
Make the Most of Your Home Buying Experience: Understanding VA Loans 🏡🇺🇸 Celebrate your service by taking advantage of this prestigious program. To qualify, you'll need to obtain a Certificate of Eligibility. Partner with a trusted VA-approved lender to ensure a smooth transition to your new home, marked by trustworthiness and excellence. 🌟🔑 #mortgagebroker #VALoans #VALoan #PMI #downpayment #mortgagelender #mortgagerates #newhome #investment #newhome #investment
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