Do you recommend self-directed RRSP mortgage so you pay yourself the interest and not the bank?

                          

I wrote a mortgage from my self-directed RRSP and it works very well for me. But there are some things you need to be aware of. First, the return on your RRSP is limited to the mortgage interest rate you’re paying (not bad in you’re a conservative investor since you know borrowers). Second, you have to have enough RRSP assets/mortgage to make all the fees worthwhile; I’d say a minimum of $250,000. I know some people go with the $100,000 amount, but I think the fees eat too much of your return under the $250K amount.