Do I need one?
Of course! An RSP not only helps you save for retirement, but also has positive tax implications for the present. The money you contribute to your plan (as well as the earnings you make on your investments) is only subject to tax upon redemption.There is no simple formula to determine the type of mortgage that is best for you.

Can creditors garnish my wages?
YES. However, this is can be a long process for the creditors. The creditor first has to sue you, successfully obtain a judgment, and then file for a garnishment action. If youre willing to work with your creditors, wage garnishment can normally be avoided.By utilizing the expertise of our independent auditor and service providers your business start-up expenses are kept at a minimum. Overhead such as rent, utilities, employee payroll costs, liability insurance, etc.

Does my site have to be approved by the Compliance Department?
Yes, In accordance with the NASD conduct rules, electronic communication is under the guidelines of CR 2210 and therefore, any information posted to computer network subscribers, or the Internet, is considered as advertising. It is very important to note that both types of sites and any new securities related information contained or "linked" therein require prior approval by the Compliance Department.A Loan Consultant will search for the lowest rate and "lock" that rate upon your request.

What is the expected loss ratio?
I am not aware of any franchisees that have used our system and lost any money. Of course, the key words are 'have used our system'. We provide a proven system, but that does not guarantee that abuse or complacency will not result in potential difficulty. However, if you look after the system, the system will invariably look after you."NO. Your creditors have every right to try and contact you in order to collect a debt. However, we have been successful in eliminating most harassing telephone calls. If your account is in collections; collections agencies have to adhere to the FDCPA Guidelines. If you would like to learn more please read Fair Collection Practices Act. NO. Companies cannot remove legitimate negative items from your credit report.We encourage all franchisees to start in a 'modest' way as this is a business where you benefit from learning as you go.

What is an RSP?
Also commonly known as a Registered Retirement Savings Plan. It is a tax-sheltered vehicle for investments that is registered with the Canada Revenue Agency (CRA). The Federal Government created RSPs in the late 1950's to encourage Canadians to save for their retirement.The closing will take place at an Escrow Company. If you are purchasing a home the name and address of the Escrow company appears in your Purchase and sales contract. If you are re-financing, your Loan Consultant will tell you this information.A reverse mortgage is offered to homeowners who already own their home and have reached an age were they want to withdraw the equity they have accumulated in their home. The money can be taken as a lump sum, as monthly payments or used like a line of credit.

David, can you describe what type of person tends to do well in this business?
Perhaps the most important thing to remember is that this is a people business long before it is a money business. In order to make this business work, we have to deal with people. Therefore, we seek candidates who have the skill to deal with people at all levels, such as bankers, CPA's, small business owners, CEO, CFO, or General Managers. The one trait shared by anyone who is successful in this business is the ability to communicate. It is absolutely essential.We are a very entrepreneurial-minded firm that understands the business from all sides of the table: buyer, seller, financier, mortgage broker and real estate broker. We get the job done in the least amount of time and we bring in deals with a high probability of closure.

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