Mortgage Eligibility & Requirements
This document is sent to lawyers outlining the funding information and trust conditions
What is a funding letter?
New fridge is a perfect fit
Who is Leon?
This plan requires mandatory rollover to a RRIF at age 71
What is an RRSP?
Create a 10 page PowerPoint outlining tips and tricks to stay organized
Who is Martha?
Client has requested a discharge of an existing OTC mortgage
What is Payout team?
This maximum loan-to-value ratio applies to all mortgages Olympia funds
what is 90% LTV
In the words of Josh, oh cmon man
Who is Tony?
This spousal plan issues the contribution receipt to the contributor, not the annuitant
What is a Spousal RRSP?
Create an AI meme of the whole office
Who is Tony?
Client is requesting help moving funds out of their deceased family members account
Who is Estates?
Olympia will not accept mortgages lending between related parties, known as this.
What is a non-arms length mortgage?
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Who is Lori?
This first-home account has an $8,000 annual limit and a $40,000 lifetime limit
What is an FHSA?
Its not Halloween yet, but still wants to decorate the office ahead of time
Who is Josh
A member of this team has reach out advising of an ATON rejection
What is Transfer team?
All mortgages must have this registered on title
What is Olympia Trust Company
I am willing to believe that my robber is a good-hearted man and when I leave my desk, my stickers will all appear back in my desk
Who is Maria?
This account type has no contribution limit but requires FINTRAC verificiation
What is an individual, joint, or corporate non-registered account?
Tallest person on our team
Who is Aaron?
Client has setup a Q-Trade account and is not looking to purchase shares, what team is able to assist?
What is Securities?
This type of prior encumbrance is qualified based on its projected balance at time of Olympia's maturity
What is a reverse mortgage?
Very sorry Ms. Do, I will keep my asparagus off the floors going forward
Who is Greg?
This withdrawal program/plan allows an individual to withdraw up to $10k per calendar year and $20k total from their RRSP to finance full-time training or education
What is a Lifelong Learning Plan Withdrawal
Who is our newly promoted teammate
RESP Plan Applications will be sent to this team
What is Operations Specialists?