Learn how to leverage a downpayment to live (effectively) for free in 2021! This example takes place in Toronto, but the methodology can be applied anywhere. The concept revolves around using a principal downpayment and renting a basement to effectively live for free after factoring in the home equity.

Topics:

- Mortgages

- Downpayments

- Interest vs equity payments

- Renting an Apartment

- Pro tip about Canadian Mortgage and Home Corporation insurance (CMHC)

Timestamps:

 0:00 Intro 

0:50 Agenda Topics

 1:48 Finding a Listing 

3:22 CMHC Pro Tip 

4:42 Principal vs Interest  

7:12 Thank you