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 […]
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 […]
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 […]
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 […]
Are You Sure You Want To Be A Landlord? Part 1 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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