How to Live FOR FREE (2021)

13/01/2021 7 min

Listen "How to Live FOR FREE (2021)"

Episode Synopsis

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