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  • Sylvia Ho

Are You Concerned About Mortgage Renewal Rates In 2024?

Check out this compelling story about one of our clients!



They've got both their rental property mortgages coming up for renewal in 2024, and there's a big concern looming...


Imagine facing a renewal rate that's double what you're used to for not just one but BOTH properties!  That's exactly what's on their plate right now.


Selling them is out of the question because it goes against their principles and everything they believe in.


But here's the catch: maintaining these properties for financial security and generational wealth might lead to a staggering cash flow deficit of $1800 per month for the next 5 years!


  • Today’s Total Rental Expenses for 2023: $3052/mo

  • 2024 Total Rental Expenses for 2024 (renewal at higher rates): $4860/mo


Where will they come up with an extra $1808/mo for the next 5 years??? Options:

  1. Bring out their own savings of $1800/mo but they just had a newborn baby and mom is hoping to extend her maternity leave without pay. This is not an option.

  2. Sell the property but it goes against everything he knows about investing. This is the absolute last resort but at this time not an option.


SOLUTION is a CRA-approved cash flow reallocation strategy called Cash Damming!

  1. By implementing cash damming, they will pay off their owner-occupied home 3.5 years earlier.

  2. All while maintaining the exact same cash flow as they are committed to doing.

  3. They don’t have to sell their properties and can continue to build financial security and build generational wealth.

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