Q. Can we use our RRSP’s towards investing in a private mortgage?

Answer: Absolutely! Currently I am placing our existing clientele’s funds in safe first or second mortgage investments. Private first mortgages placements are seeing a return anywhere between 8-11% and seconds are seeing 12-15%. However it does not end there, each transaction will have a “lender fee” attached, which goes to you. This fee is determined by the specific case and comfort level with the investment. The majority of my clients are seeing returns of approximately 20%, with the combined interest and fees charged. As a lender, you have absolutely no expense in the facilitation of this transaction. This form of investing is even more appealing since you generate income through your self directed RRSP while enjoying the benefit of the RRSP as a tax deduction. Watch your funds grow substantially. For further information on this type of investing, contact our team of experts.

Carmen Campagnaro
President & Founder
Pro Funds Inc.
(905)842-7011