We’re looking for Mortgage Broker Partners!

Resource Downloads:

Mortgage Broker Partner Brochure (PDF)
Client Version of RRSP Consolidation Loan Brochure (PDF)
Client Loan Application Form (PDF)

Do you have clients that were recently declined funding?

Your Future Financial Group can set up an RRSP Loan for them up to $100K and they can withdrawal the investments the next day!

Here’s how it works:

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 will be able to:

• Move money to alternative investments.
• Liquidate the investment and pay off debts.
• Purchase real estate or businesses with their money.

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.

RRSP Loan Consolidation Example

Debt Removal Strategy

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!