Fitting a Mortgage Into Your Financial Plan

Why does my mortgage belong in my financial plan?

For most households the mortgage is the largest liability they will ever carry. Its payment sets how much you can save. Its structure decides how easily you can reach your equity later. Yet it is often arranged on its own, on rate alone, with no reference to the plan.

I start from the plan. What is the money for, when do you want to retire, and what does your advisor need the mortgage to do?

What can the right mortgage structure do for a plan?

Free up cash flow to invest

Folding higher-interest debt into the mortgage can lower monthly costs. It suits people with a plan for the freed-up cash. It does not suit anyone likely to run the balances back up.

Keep equity within reach

A re-advanceable mortgage makes equity available again as you pay the mortgage down. It suits disciplined borrowers with a use for it, and it is a poor fit for anyone who finds available credit hard to leave alone.

Support a Smith Manoeuvre

Some homeowners, working with their advisor, use a re-advanceable mortgage to gradually convert mortgage debt into an investment loan. I build the mortgage side. Whether the interest is tax-deductible depends on your own situation and must be confirmed with your accountant.

Put idle cash to work

An offset mortgage sets your savings against your mortgage balance while keeping them available.

Fund retirement without selling investments early

A reverse mortgage or another retirement mortgage can provide income from the home, which may let investments stay invested for longer.

For financial advisors and accountants: how do I work with you?

I act as the lending specialist on your client's team. I complete your strategy. I do not compete with it.

• Your client stays your client. You remain their primary advisor throughout.
• No cross-selling. I do not sell investments or insurance, and I do not give investment or tax advice.
• You are kept informed. With your client's consent, I report back to you after each material step.
• The mortgage follows the plan. You tell me what the borrowing needs to accomplish, and I structure it to match.

To refer a client, call me at 204-891-1118, email theok@onelinkmortgage.com, or use the form below with your client's consent.

What are the limits of what I do?

I am a licensed mortgage professional. I am not a financial planner, an accountant or a lawyer.