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	Conserve, do not consume! Every Canadian dreams of owning their own home and dreams of paying it off in record time. Indeed buying a home is the largest investment we will ever make in our life, but the investment comes with a hefty price tag: interest payments, mortgage insurance, property taxes, legal fees, and real estate commissions.

The largest cost in truly “owning” our home outright lies in paying it off completely – comes from lost investment opportunities.

Common Home Equity Misconceptions.
Many Canadians believe the following statements to be true, but in reality they are myths or misconceptions:

Home equity is a prudent investment: FALSE
Extra principal payments on mortgages saves money: FALSE
Mortgage interest should be eliminated ASAP: FALSE
Substantial equity in homes enhances your net worth:FALSE
Home Equity has a rate of return: FALSE

Home Equity is Safe! This safety is a misconception. This is why! With your cash being tied up in your mortgage, what if you lose your job? You’d live off savings (if any) for awhile, but when that runs out, how do you make your mortgage payment and pay other bills? You will end up defaulting on your consumer credit payments, leading you to damaging your credit.

With your home equity being trapped in your home, you will either resort to selling your house under desperation, or end up with an expensive 2nd private mortgage.  If you sell your property you have access to your equity but no house, if you take a private 2nd mortgage you have bought sometime at a very expensive cost. Banks won’t loan you money on that beautiful equity you’ve built up without a job.

You should consider having a strategic mortgage that separates your home equity as much as possible and places it in an easily accessible cash position. You might be wondering why in the world you would want to have the equity removed from your home. There are actually three primary reasons: liquidity, safety and rate of return. Your home is the largest investment you will have, as a prudent investor you should ask the following three questions:

Home Equity is serious money, we do not gamble with!
Home Equity is to be conserved not consumed.
It is your Money, please let me help you save it! I am looking forward to putting you on this path to wealth creation.