The Mortgage Minute - April 2023 Edition

Penny Wrightly - Mortgage Broker

Mortgage Architects #12728

penny@hometowngroup.ca
705-734-6804
http://www.wealthbypenny.com

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How To Pay Off Your Mortgage In 5-7 Years – WITHOUT Changing Your Income or Lifestyle

 

There is a little-known secret for how to payoff your mortgage in a very short time… pay HUNDREDS OF THOUSANDS LESS in interest and do it all …..

without making extra mortgage payments, without needing a new job, and without having to cut back on expenses in your life.

Want to know how?

I am hosting a very special Workshop on Saturday April 22 at 11:00am EST on Zoom for clients that would like to learn exactly how this strategy works and how to implement it. 

There are no gimmicks.

The Canadian Banks have strategies that make them richer every single quarter of the year.  We will show you how you can beat the banks at their own game by paying significantly less interest, using the tools the banks provide us with, and then become mortgage free in 1/3 of the time.

There is a new game, and we will show you how to play it.

This Workshop is for you if you want:

To pay off your mortgage in 5-7 years more cash flow each month to drastically reduce your debt and rapidly paydown mortgage principal to minimize your taxes to increase the monthly cash in your pocket to save hundreds of thousands in interest costs (average $250,000+) to travel and do more of the things you love to retire years sooner to greatly reduced stress levels total financial freedom

If you would rather keep paying a mortgage for the next 25-30 years, then keep scrolling.

BUT….

If you would like to know how to be mortgage-free in 5-7 years and start really living life, then be one of the first 10 clients to sign up for my exclusive Workshop.  I am holding 10 spots for my past and current clients before launching this to the public on Wednesday April 5.  Prices will increase at the end of the week.  Your investment today could save you decades of mortgage payments and $250,000 or more in interest.

Ask yourself these questions:

Do you have enough to retire comfortably based on your current age now? Will your current mortgage be paid off before you want to stop working? Are you living your best life now with no debts & no mortgage? Do you get to travel and/or spend on the things you want now instead of just paying off the mortgage? Do you have all the cash flow you want now?

If you answered “NO” to even one of these questions, then check out our upcoming Workshop, it will be well worth your time!

Can’t wait to see you there!

Check out our workshop here



Home Decor Tips | Kitchen

 

If you're thinking about remodeling your kitchen, consider updating your range hood.⁠

A range hood improves the air quality in your kitchen by removing the heat, odors, and smoke produced by your stovetop. ⁠

The appliance sucks up the polluted air and filters it (as with a ductless model) or is carried to the exterior (with a ducted model).⁠

Whether you like to cook every day or just every now and again, you probably enjoy trying new recipes from time to time. ⁠

With a range hood, you can enjoy steaming, poaching, stir-frying, and everything in between. ⁠

No need to worry about lingering smells, smokey fumes, or messy cabinets. ⁠



Do You Own Whole Life or Universal Life?

 

There are only two types of Permanent Life Insurance contracts in Canada.

1. What Manulife created in 2017
2. Everything/Everyone else

Manulife crushed it with a Whole Life product that allows you to buy 5% whole life with a 95% term rider while still allowing you to put in almost the same amount of money that a 100% whole life contract would.  

Send me a copy of your contract and I'll show you the difference.  It's night and day.   



First Home Savings Account (FHSA)

 

Your FHSA participation room for the year is the maximum amount that you can contribute to your FHSAs or transfer from your registered retirement savings plans (RRSPs)  to your FHSAs in the year without creating an excess FHSA amount . For more information about transfers, go to Transfers between FHSAs and other registered plans.

Your FHSA participation room in the year that you open your first FHSA =$8,000

The lifetime FHSA limit =$40,000

All contributions you make to your FHSAs and all transfers from your RRSPs to your FHSAs will reduce your remaining lifetime FHSA limit. If your contributions and transfers to your FHSAs in the year exceed your FHSA participation room for the year, you will have an excess FHSA amount. For more information about an excess FHSA amount, go to What happens if you contribute or transfer too much to your FHSAs.



5 Things That Happened To Real Estate In 2022

 

The 2021-2022 period saw a truly remarkable transformation within the real estate industry.

The Bank of Canada's increasing policy interest rate to bring inflation back to target meant that mortgage rates could rise and hit homeowners hard.

To counteract this, interventions by both the federal and provincial governments were heavily relied on to cushion households from the financial shock. With relaxed pandemic safety protocols in 2022, buyers gained renewed confidence in the market, driving tremendous interest in buying or selling property.

Furthermore, technological advancements such as smart devices put more powerful tools at the fingertips of those who do business in real estate, providing greater convenience for those with a keen eye on the market.

Finally, efforts were made to introduce greater diversity, equity and inclusion into the sector following years of research and discussion around discrimination present in real estate transactions – something that will no doubt continue well into 2022 and beyond!



43 Spring Cleaning Tips From Cleaning and Organizing Experts

 

Nothing beats that feeling of accomplishment when you get a head start on spring cleaning. If you space out your spring cleaning list over a couple of weeks, it might not seem like such an overwhelming task. The easiest way to start is to take it room by room or appliance by appliance with our cleaning tips from organizing and cleaning pros. Grab your cleaning tools, stock up on winning products from our 2022 Cleaning & Organizing Awards, and make sure the battery on your favorite cordless vacuum is charged before you rev it up.

Whether you have only five minutes to freshen things up or you happen to have an entire weekend to dedicate to full spring cleaning days, our pros are here with their best spring cleaning tips to help you out. 

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