https://www.canadianmortgagetrends.com/2008/04/smith-manoeuvre/ News on Canadian mortgages, mortgage brokers, and mortgage rates. Tue, 12 Nov 2024 05:14:08 +0000 hourly 1 https://wordpress.org/?v=6.7.2 https://www.canadianmortgagetrends.com/2008/04/smith-manoeuvre/#comment-18442 Sun, 20 Apr 2008 12:14:37 +0000 http://canadianmortgagetrends.com/?p=2120#comment-18442 Hi Traciatim,
It also involves extracting equity from your home as you make your monthly payments. This equity is then invested.

]]> https://www.canadianmortgagetrends.com/2008/04/smith-manoeuvre/#comment-18441 Sun, 20 Apr 2008 08:47:53 +0000 http://canadianmortgagetrends.com/?p=2120#comment-18441 Wait now, I thought the Smith Manoeuvre was very specifically the selling of assets to pay your mortgage to get a HELOC to buy back your assets, not just borrowing against your house to invest . . . am I way out in left field here?

]]> https://www.canadianmortgagetrends.com/2008/04/smith-manoeuvre/#comment-18440 Sat, 19 Apr 2008 20:13:20 +0000 http://canadianmortgagetrends.com/?p=2120#comment-18440 Just as an aside, we’ve talked a lot about the Smith Manoeuvre’s potential benefits. We’ve also helped a lot of people set up Smith Manoeuvre mortgages. Nonetheless, frankly speaking, we’re starting to worry about all the hype out there. It’s a good strategy for some but, by no means, for all.

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