Unlocking Mortgage Freedom and Financial Abundance: The Power of Cash Damming

Diane Gogar • July 7, 2023

Discover the transformative potential of cash damming, a strategy that can significantly reduce your mortgage duration and open the doors to a financially fulfilled life.
 
Join me as we explore the exciting possibilities and benefits of implementing an advanced tax strategy - cash damming - in your mortgage journey.


The Vision of Mortgage Freedom and Financial Abundance

Envision a future where you wake up on a sunny morning, knowing that you have achieved mortgage freedom and financial abundance. 

Your properties are THRIVING, generating substantial wealth, and the burden of your mortgage is gradually lifting. 

But how did you reach this point while others struggled with negative cash flow?


Your Key to Success

Cash damming is the secret weapon that propels you toward your vision of financial fulfillment.

This strategy optimizes your mortgage in the long run, offering a sustainable solution that works in your favour. 

By converting non-deductible debt, such as mortgage principal payments, into deductible debt, cash damming reduces your tax burden and accelerates your mortgage repayment.

Escaping the Mortgage Prison: The Power of Cash Damming

Imagine BREAKING FREE from the mortgage prison a decade earlier than expected.

With cash damming, you redirect non-deductible debt, like mortgage principal payments, into a strategic investment loan or line of credit.

This creates a cash-positive environment where your investment income offsets your mortgage interest. Your properties work for you while you steadily chip away at your debt.


Building Wealth and Securing Your Retirement


Cash damming goes beyond escaping mortgage payments; it's a path to building massive wealth and securing a bright retirement. 

As you implement this strategy across your property portfolio, the power of compounding comes into play. 

Your assets grow, your net worth soars, and you find yourself on a trajectory toward unparalleled financial success.

Embracing a Life of Financial Fulfillment

Beyond the numbers lies the true essence of cash damming: the promise of a financially fulfilled life. 

By taking control of your financial destiny through this strategy, you gain the freedom to align your choices with your passions and values. 

Whether it's exploring the world, supporting charitable causes, or pursuing new entrepreneurial ventures, cash damming unlocks a life brimming with abundance and joy.


Taking the First Step

The journey to mortgage freedom and a financially fulfilled life begins with education and action.

Join me in my free mini-course, consisting of 11 empowering videos that guide you through implementing cash damming.

It's time to turn your DREAMS into reality and embark on a path toward lasting wealth and fulfillment.

Register for Free here:
www.indebttobuildwealth.ca/cash-damming-course


Your long-term vision is within reach, and cash damming can be the catalyst that propels you toward it. 

Don't wait any longer. 

Register for my free mini-course today and unlock the doors to a future filled with financial abundance and a life that truly fulfills you.

To register for the free mini-course, click here:
https://www.indebttobuildwealth.ca/cash-damming-course

DIANE GOGAR
MORTGAGE PROFESSIONAL
CONTACT ME

Your Guide To The A First Home Savings Account (FHSA)

By Diane Gogar • July 2, 2025
Dreaming of owning your first home? A First Home Savings Account (FHSA) could be your key to turning that dream into a reality. Let's dive into what an FHSA is, how it works, and why it's a smart investment for first-time homebuyers. What is an FHSA? An FHSA is a registered plan designed to help you save for your first home taxfree. If you're at least 18 years old, have a Social Insurance Number (SIN), and have not owned a home where you lived for the past four calendar years, you may be eligible to open an FHSA. Reasons to Invest in an FHSA: Save up to $40,000 for your first home. Contribute tax-free for up to 15 years. Carry over unused contribution room to the next year, up to a maximum of $8,000. Potentially reduce your tax bill and carry forward undeducted contributions indefinitely. Pay no taxes on investment earnings. Complements the Home Buyers’ Plan (HBP). How Does an FHSA Work? Open Your FHSA: Start investing tax-free by opening your FHSA. Contribute Often: Make tax-deductible contributions of up to $8,000 annually to help your money grow faster. Withdraw for Your Home: Make a tax-free withdrawal at any time to purchase your first home. Benefits of an FHSA: Tax-Deductible Contributions: Contribute up to $8,000 annually, reducing your taxable income. Tax-Free Earnings: Enjoy tax-free growth on your investments within the FHSA. No Taxes on Withdrawals: Pay $0 in taxes on withdrawals used to buy a qualifying home. Numbers to Know: $8,000: Annual tax-deductible FHSA contribution limit. $40,000: Lifetime FHSA contribution limit. $0: Taxes on FHSA earnings when used for a qualifying home purchase. In Conclusion A First Home Savings Account (FHSA) is a powerful tool for first-time homebuyers, offering tax benefits and a structured approach to saving for homeownership. By taking advantage of an FHSA, you can accelerate your journey towards owning your first home and make your dream a reality sooner than you think.

Deposit Lending And Bridge Financing

By Diane Gogar • June 25, 2025
Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to you) is the best idea. Ideally, when planning out how that looks, most people want to take possession of the new house before moving out of the old one. Not only does this make moving your stuff more manageable, but it also allows you to make the new home a little more “you” by painting or completing some minor renovations before moving in. But what if you need the money from the sale of your existing home to come up with the downpayment for your next home? This situation is where bridge financing comes in. Bridge financing allows you to bridge the financial gap between the firm sale of your current home and the purchase of your new home. Bridge financing allows you to access some of the equity in your existing property and use it for the downpayment on the property you are buying. So now let’s also say that it’s a very competitive housing market where you’re looking to buy. Chances are you’ll want to make the best offer you can and include a significant deposit. If you don’t have immediate access to the cash in your bank account, but you do have equity in your home, a deposit loan allows you to make a very strong offer when negotiating the terms of purchasing your new home. Now, to secure bridge financing and/or a deposit loan, you must have a firm sale on your existing home. If you don’t have a firm sale on your home, you won’t get the bridge financing or deposit loan because there is no concrete way for a lender to calculate how much equity you have available. A firm sale is the key to securing bridge financing and a deposit loan. So if you’d like to know more about bridge financing, deposit loans, or anything else mortgage-related, please connect anytime! It would be a pleasure to work with you.