Jenni MacDonald

Jenni MacDonald discusses Chip Mortgages

Jenni MacDonald discusses Chip Mortgages

In her latest column Jenni MacDonald talks about CHIP mortages: You may have heard about a Reverse Mortgage product called “CHIP”. There is a lot of misinformation about this great mortgage product because of some reverse mortgage schemes in the United States. This product can be useful for yourself or for your parent. Let me […]

 Jenni MacDonald

Mortgage Broker Jenni MacDonald talks about making a down payment

Mortgage Broker Jenni MacDonald talks about making a down payment

The amount of down payment or equity required depends on the specific deal. Generally, if you are refinancing, you can apply for up to 80% of the appraised value. If you are purchasing a personal home or a duplex that you are going to live in, you can apply for a mortgage of up to […]

 Jenni MacDonald

Rates Part 1 of 2

Rates Part 1 of 2

Two of the most frequently asked questions that a Mortgage Broker hears are: 1. What is your best rate? 2. What is the difference between a fixed rate and a variable rate? Let’s look at the best rate question first… This is a tough question because the best rate I can negotiate for you and […]

 Jenni MacDonald

Secondary Home or Family Home

There are situations when a borrower is looking to purchase a “second home”. Some scenarios include, needing a city property to cut down on the long commute during the week, a child heading to school, a vacation property, a parent needing to live close-by, etc. Genworth and Canada Guaranty have programs available for Canadians to […]

 Jenni MacDonald

Are You Sure You Want To Be A Landlord? Part 3 of 3

Are You Sure You Want To Be A Landlord? Part 3 of 3

So, you’ve heard some people talking about all the money they make from their rental properties and think it’s a good idea for you too! It might be… or it might not be! Being a landlord is more than sitting back to watch your bank account grow. Here are some of the topics that you […]

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