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Pay Off Your Mortgage Aggressively and Get a Secured Line of Credit

In phase three of my live debt-free program, I teach Canadian families how to build wealth through real estate. In this article, I’m going to tell you my personal story of how I build my wealth.

When we bought our house, I was super aggressive at paying it down. I did the bare minimum monthly payments or biweekly payments, and I did large lump sums to pay it down. I paid it down to zero.

Then I got a secured line of credit. A secured line of credit is a Home Equity Line of Credit (HELOC ). With this large line of credit, I was able to buy multiple properties.

If you have any questions on how you can build wealth through real estate, give me a call today.

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Why I’m Building a Real Estate Empire in Toronto

A question I get asked a lot is, “Why are you building a real estate empire?”

People have a lot of different reasons. For me, it’s twofold.

The first thing is it’s a retirement plan for my husband and I. It’s so that we can live off of the passive rental income.

The second reason is, it’s a legacy that I want to leave behind for my kids. I read an article that by year 2050, Toronto will become a city just like San Francisco and New York City, where renting is the norm. We’re already heading in that direction right now with the values here in Toronto. I want to give my kids a fighting chance to be able to own real estate.

If you have any questions on how to build your real estate empire, give me a call today. My services are absolutely free.

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My Personal Story – Investing in Real Estate Almost All of My Life

In step three of my live debt-free program, I teach Canadian families how to build wealth through real estate. Now let me tell you my personal story.

A long, long time ago, my mom took me to go see this house. I thought she was shopping around for a client of hers, but when we got there, she said, “This is perfect for you, let’s buy it.”

And I was like, “Great, who’s buying it?”

“You are,” she replied.

And I was a little confused because I was just a young professional.

I thought, “I can’t buy this place. I’m not ready to buy?”

I didn’t have my 5% down payment. I just graduated from university, had $50,000 of student loans, and I was still lining up a full-time job.

But God bless my mom for teaching me and pushing me in that direction cause I got the house.

Three years later, I sold the place, I paid off all of my debts and then I bought a detached home in the city of Toronto, and I own it to this day.

Since then, I’ve been hooked on real estate.

My mom taught me how to build wealth through real estate.
I want to teach you!

If you have any questions about building wealth through real estate, give me a call.

FREE YOURSELF FROM DEBT & EXPERIENCE FINANCIAL PEACE!

Want to Retire Debt Free?

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!

Build Wealth Through Real Estate

A long time ago, my mom pushed me to buy my first home. I was definitely NOT ready. But God bless for my mom for pushing me in the real estate direction cause now I own a real estate empire! When I bought my first place, I didn’t have my down payment and I had $50k in student loans. But 3 years later, I sold that place and paid off my student loan and then bought a detached home. I still have that detached house and have been renting it out ever since.

Starting a real estate empire takes dedication and perseverance and proper guidance.

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Review your debts annually to pay down your mortgage.

The last step to paying off your mortgage fast is to review your debts annually.

You are almost there! I can’t wait to have a mortgage burning party with you eventually.

Keep on track. 

Stay the course. 

Be determined. 

Visualize your goal. 

Don’t do this by yourself. I go to the gym because I know my coach is waiting for me. If I didn’t have a coach, I wouldn’t go. In the Live Debt Free program, I will be your coach!

There are two types of people. People that will read this email and agree with it but then get back to a busy life. Life will pass them by, and then retirement will creep upon them. 

Then some people will take action today and put in place a plan to get rid of this debt. 

Which type of person are you?

Take action today and book your complimentary call today.

Pay Off Your Mortgage & Create Financial Peace

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE 5-MIN VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!

Merge Your Debts to Pay off Mortgage Fast

Did you know that for every one dollar Canadians make they are $1.78 in debt? Another way to think about it is every hundred dollars that you earn, you owe $ 178. This is an alarming number, and this stat has been increasing over the years.

There are many suggestions on how to pay off your debt’s. In my opinion, the best solution is to use the saved up money trapped in your home to pay off your debts. You will hear terms like refinancing or equity take out or debt consolidation. They all mean the same thing, which is get rid of your debts.

This past week I was able to help a family who had $50k in credit cards debts. We added the debt to their mortgage.

For this family, they were living paycheque to paycheque. So, we fixed the cash flow issue by freeing up $800 per month.

We also put in place a plan to pay off the mortgage before retirement. Their current plan put them in debt at retirement.

We saved on interest from 18% down to 3.5%.

We also got them an emergency fund so that they don’t go into debt again in the future.

When it comes to debts, it’s all about planning. If you fail to plan you plan to fail.

For me, this is really exciting! To see the burden lifted off their shoulders and see the rainbow in sight.

Combine your debts into one!

Book a call with me today to get started.

FREE YOURSELF FROM DEBT & EXPERIENCE FINANCIAL PEACE!

Want to Retire Debt Free?

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!

List your debts to help you create a mortgage paydown plan.

This is step 10 out of 12 to paying off your mortgage fast!

List out your debts to help you create a plan.

 If you fail to plan, you plan to fail. Write it in the same book each year. 

Click here for the debt worksheet.

Let’s put into place a plan and help me build you a future without debts.

Call me today for a personalized plan! 

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CHANGE YOUR CAR AND HOUSE INSURANCE ANNUALLY!

New insurance companies are eager to get your business. It’s work to call around, but do it! Put the annual savings towards your mortgage.

I changed my insurance company last year and saved about $2k for my home, car and other rentals. Anything you can save can go directly to your mortgage that year.  

Action plan:

  1. Call your current insurance company and ask them if you can lower the pricing somehow.  
  2. Call around to other companies or insurance brokers. I have some recommendations. 
  3. Make sure you compare apples to apples with the same deductibilities, coverage, etc.  
  4. Put those annual savings to the mortgage right away! 

Disclaimer: I am not versed in insurance, but this worked for me and saved me money. So, make informed decisions and ask the professionals and experts in that field.

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Creating a Budget to Pay Off Your Mortgage Fast

Create a budget and spend less on Starbucks so you can pay off your mortgage faster. Put that $340 per month directly to your mortgage, so you pay less interest.

We all know we can be better at spending less money.

Let’s do some math…

Coffee costs around $5/day X 20 work days = $100. 

Lunches cost $12/day X 20 work days = $240. 

Put that $340 directly towards your mortgage instead.  

Cut out non-essentials, such as cable, or home landline or magazine subscriptions. 

Action items:

  • How many more years before your retirement?  
  • Take out your mortgage statement and see if you will be mortgage-free before you retire. Look for the work amortization.  
  • Take out last month’s credit card bills or interact statement and add up your non-essential spending. If you never look at your spending, you won’t change your habits.
  • Make a plan to cut down spending.  
  • Visualize your plan to pay off your mortgage.  

Call me today for a personalized plan! 
Let’s live a life free of debt, including your mortgage!

FREE YOURSELF FROM DEBT & EXPERIENCE FINANCIAL PEACE!

Want to Retire Debt Free?

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!

11 Reasons to use Sylvia Ho -Mortgage Agent Versus a Bank

Free service of actual value!  Banks pay me my commission.  I don’t charge you for my services.  It’s cheaper for the lender to pay me a commission than to pay a salaried individual with overhead costs.  

Lower rates!  I get you wholesale pricing as I work directly with the head offices of the lending institutions.  I receive emails EVERYDAY on different specials that are going on. I continue shopping around till your house closes.  

Education!  I help my client’s compare different mortgage products offered by different lenders.  This way you can make an educated decision on which mortgage product better suits your needs.  

Think outside the box!  I was talking to a client about upgrading their home.   As the conversation continued, it became a discussion about building a family safety net and having a proper ER fund and then buying real estate in the future.  As I know your financial goals, I can help you plan! 

Personal experience!  My mom taught me how to build a real estate empire.  I am a professional landlord. I want to teach you!   

Let me do all the hard work for you!  I will shop around to my 30 different lenders.  Some lenders only work with mortgage specialist, so, if you don’t work with a mortgage agent, you are missing out on potentially large savings!  If you go into a branch to get a mortgage, they have just 2-3 different mortgage options. But by going through me, you have over 30 different lenders!   

Mortgage coach!  Mortgages don’t pay off themselves.  What’s your magic number to pay off your mortgage?  Let me teach you 12 concepts to pay off your mortgage FAST!  Banks won’t teach you this! Financial planners won’t either!  Sign up for my free coaching program! 

Customization!  Mortgages aren’t one size fits all.  Everybody has different financial goals in life as this depends on the stage of life you are in. I will find a mortgage product that best suits your needs and financial goals. 

Convenience!  I have 2 kids who play competitive sports and are super busy.  Everyone is busy! The process of getting a mortgage through me is very easy as everything is done via email and phone calls.  

No surprises!  There are no surprises when you work with me.  For the last 20 years, my business has been based upon past clients referring other clients to me.  My client’s love the advice I give them. I listen and I serve. How can I serve you?

Chat with Sylvia

She's Happy to Help

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