How to pay off your Mortgage using your RRSP

in life •  7 years ago 

As soon as your RRSP equals the amount you owe on your mortgage - you can set up what is called a Self Directed RRSP Mortgage and use the RRSP to completely pay off the mortgage.
You then set up a plan to pay back your RRSP over the next 25 years. And here is the best part - you pay interest on the RRSP Mortgage to yourself - not the bank. ... more : http://rrsp-mortgage.blogspot.ca/2010/02/whats-rrsp-mortgage.html

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7 years ago by

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      ·  7 years ago 

    Thanks for all the upvotes

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