Marco Russo, BBA Associate Consultant Geoff Lee Mortgage Broker.

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Presentation transcript:

Marco Russo, BBA Associate Consultant Geoff Lee Mortgage Broker

Marco Russo, BBA Associate Consultant Marco graduated from The University of the Fraser Valley (UFV) in 2009 with a major in Marketing and Sales. He is presently working toward obtaining his CFP. While working with his own clients, Marco also works with John’s clients when John is out of the office: he ensures client deposits are invested punctually, redemptions are completed with minimal tax implications and concerns are addressed promptly. Marco is also responsible for the overall administration of the practice. Marco played volleyball for 4 years while attending UFV and also played soccer for Zone 2 at the BC Summer Games. He continues to play volleyball and soccer and also enjoys skiing, cycling and being a husband and a dad.

Geoff Lee Mortgage Broker I have had the honor of servicing hundreds of people like you over the past 22 years and I know what matters! With a terrific wife and two great kids, you can count on me to take extreme care of you and your family’s mortgage needs. I’m an active participant in the local professional community, a regular presenter of the Wealthy Investors Network and a member of the MBABC. I am on the Board of Directors for the IMANI Orphan Care Foundation. I believe with business success comes social responsibility; true success means helping those in need.

RRSP’s Home Equity Non- Registered Assets Cash ????

 Home Valued at $500,000  $400,000 Mortgage*  30 year amortization  3.19% Fixed Rate – 60 month term *Mortgage must be max 80% LTV and re-advanceable ( A maximum of 65% re-advanceable)

$400,000 $0 30 Yrs After 30 Years: Mortgage$0 Assets$0 Own your home

$400,000 $0 30 Yrs Between years Mortgage = Investments After 30 years: Debt$400,000 Assets $1,083,000 Own your home

 $300,000 Deductible Liability  $1,269,000 Non-Registered Asset

Traditional ApproachHome Diversification Plan  Mortgage$0  Investments$0  Home$500,000  Net Worth$500,000  Mortgage$0  LOC$300,000  Investments $1,269,000  Home$500,000  Net Worth $1,280,000

Starting PointDesired Outcome Good Debt Bad Debt $0 $400,000 Good Debt Bad Debt $300,000 $0

▶ Staying disciplined ▶ Employing tax returns ▶ Keep “Big Picture” in mind

Questions?