- Hockey Players
- Oil & Gas
- Business Owners
Your Future Financial Group can set up an RRSP Loan for them up to $100K and they can withdrawal the investments the next day!
Your Future Financial Group submits a pre approval for an RRSP loan through one of our major Canadian banks. Rates vary from 3% to prime plus 2.75%. The amortization is up to 10 years which makes payments affordable.
Once your client is approved we setup an RRSP Investment account and place their funds into a money market cash account. Because the RRSP Investment is not collateralized nor is the client’s house, they are free to move the money wherever they choose.* Clients need to have good credit and own real estate OR have a co-signer that has both.
Your Future Financial Group will pay you a referral fee in the amount of 20% of the commissions realized. Average commission is $400-$600 per approved loan.
Step 1: Family uses RRSP Top Up Program to get $50,000 loan
Step 2: Take $35,000 out of the RRSP to pay off higher interest debt
Step 3: Leave $15,000 in for next year’s tax return and receive $4,500 refund depending on their tax situation.
Step 4: Use the Government Tax Refund to pay for Life Insurance Program
Family saves $386 per month and 5.75% interest!