Jenni MacDonald

Rent – to – Own (RTO): “If” and “only If” Part 1

Rent – to – Own (RTO): “If” and “only If” Part 1

As mortgages have been harder to obtain and debt loads have been increasing, Rent-to-Own programs have become an option that some people turn to. While this program seems like the perfect answer, it is rarely a good idea for the tenant/owner and is almost always a great option for the Investor. The process begins by […]

 Jenni MacDonald

Breaking Up Is Hard To Do – Actually, It’s Downright Devastating!

Breaking Up Is Hard To Do – Actually, It’s Downright Devastating!

When life hits us hard, it’s hard to move forward but we pull up our boots and take one step at a time. When couples decide that a divorce (or Break-up) is inevitable, if a house is involved, the question of whether the house has to be sold arises. There are now mortgage products in […]

 Jenni MacDonald

Home Renovation Costs In Your Future? Put Them On Your Mortgage!!

Home Renovation Costs In Your Future? Put Them On Your Mortgage!!

Often home buyers find the “perfect” house but if only it had… a new furnace or a new kitchen or new flooring or… or… or… With a “Purchase Plus” mortgage product, a buyer can get these costs included in the mortgage!! In fact, there are products available for current home owners that want to improve […]

 Jenni MacDonald

5 Questions You Need To Ask Your Mortgage Lender Before You Sign On The Dotted Line

5 Questions You Need To Ask Your Mortgage Lender Before You Sign On The Dotted Line

Credit to DLC online Blog Brian Mill Neighbourhood DLC, Port Elgin, Ontario 1. How are the penalties calculated if I have to break my mortgage early? Specifically, ask what rate they use to calculate the “interest rate differential”. Typically, if the lender has “posted rates” they use these to calculate the penalty. If this is […]