Mortgage interest deductible in Canada

My question is: Applicable to both US and Canada

QUESTION: hello David:

Recently I've been emailed repeatedly by an Australian fellow by the name of Greg Andrews of Nu-Media Marketing.  He markets  a program called "Mortgage Phasing".  It is supposed to be a technique (of his design) that greatly accelerates the speed with which one can pay off one's mortgage.  I wonder if you have heard of this person and/or his technique.  Does it have any legitimacy?  Thanks for your help.

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david ingram replies:

I have never heard of Greg Andrews but the method he is pushing throuigh the sale of his $67.00 US book "MORTGAGE PHASING SECRETS" is used by up to 60% of Austalians already.

In Canada, the method has been mentioned many times on This Website and on Fred Snyder's  600AM Suinday morning program "IT'S YOUR MONEY"  - In fact, I would bet we have done asome 100 seminars and 100 radio programs on the subject.

In Canada, the method was brought here by Manufacturer;s Life through Manulife Bank.

Envision Credit Union also has it set up through its RED FROG program.

And, after a lot of explanation, we set it up for a lady client at the North Shore Credit Union last Thursday.

If you go to

http://www.manulifebank.ca/canada/mBank.nsf/Public/mone y

ou will find the Manulife Bank calculator and an explanation of the program which will save you $67.00 US.

If you want to talk to a local MANULIFE BANK representative, the local manager of the program is Stu Rodgers and his phone number is (604) 351-6133.

Fred Snyder also does seminars every Thursday and the system is explained there for Free on a fairly regular basis.

Listen to Fred's program on 600AM every Sunday from 9:00 AM to 10:30 AM  or if you are not in Vancouver, you can tune in at www.600am.com and listen over the internet.

And, if you want more ideas on how to make your mortgage deductible in Canada, goto www.centa.com and read the November 2001 newsletter in the top left hand box.  The first page deals with US tax returns and then it has 11 pages of mortgage dedcutible tips. �


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