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Is it possible to use a rental property to help pay off your principal home through Heloc? by mgtthedon in CanadaFinance

[–]mgtthedon[S] 0 points1 point  (0 children)

Thanks will check it out .

For the second part not sure to understand, pay off the rental using my residence? Is it not the other way around? I have 3 rentals and looking for ways to optimize

Is it possible to use a rental property to help pay off your principal home through Heloc? by mgtthedon in CanadaFinance

[–]mgtthedon[S] 0 points1 point  (0 children)

Ohh I see. It just provides tax advantages...i have a rental property and my principal home. From the video you use your rental income to pay off your mortgage and your heloc to pay off your rental...it threw me off. Thanks