Jenni MacDonald – Mortgage Broker FAQ
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 […]
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 […]
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 […]
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 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 […]
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