Jenni MacDonald

Mortgage Tips – Properties with a Second Unit – Part 1

Mortgage Tips – Properties with a Second Unit – Part 1

Have a look through many MLS listings and you will see terms like: “Secondary Suites”, “Basement Apartments”, “Accessory Apartments”, “Granny Flats”, “In-Law Suites”, “Granny Suites” or “Nanny Suites”. Whether a buyer is looking for a unit for an aging parent to stay nearby or to make some extra money to help make the mortgage payments […]

 Jenni MacDonald

Secondary Home or Family Home? Column by Jenni MacDonald

Secondary Home or Family Home? Column by Jenni MacDonald

Here is the latest column by Jenni MacDonald: 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 […]

 Jenni MacDonald

Wouldn’t It Be Great To Pay Off Your Mortgage Faster?

Wouldn’t It Be Great To Pay Off Your Mortgage Faster?

In her latest column, Jenni MacDonald talks about how to pay off your mortgage faster: Do you remember the day your parents burned their mortgage documents because it was paid in full and discharged? It was a celebration that few of us expect to experience in our own lives. For many, this isn’t even a realistic […]

 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 […]

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