Episode Synopsis "How to Live FOR FREE (2021)"
Learn how to leverage a downpayment to live (effectively) for free in 2021! This example takes place in Toronto, but the methodology can be applied anywhere. The concept revolves around using a principal downpayment and renting a basement to effectively live for free after factoring in the home equity. Topics: - Mortgages - Downpayments - Interest vs equity payments - Renting an Apartment - Pro tip about Canadian Mortgage and Home Corporation insurance (CMHC) Timestamps: 0:00 Intro 0:50 Agenda Topics 1:48 Finding a Listing 3:22 CMHC Pro Tip 4:42 Principal vs Interest 7:12 Thank you
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