Donna MacDonald Mortgages
136 Bridge St K7C 2V5 Carleton Place, ON, Canada

One call can give you access to tons of lending options you can’t get on your own. From major banks to private lenders and credit unions, using a mortgage broker gives you access to all of them. Contact me for a free consultation.

A lot has gone on this year in the mortgage market. We have had everything from rate drops to deferrals to restrictions come at us and your personal situation may have changed. As the year comes to an end, if you have not made time for your annual mortgage check-up, now is the time! Send me a message and we can review your situation, free of charge, to ensure you are getting the mortgage that’s right for you.

To best meet your needs, mortgage brokers like myself, have a wide array of products to choose from banks, private sources, independent lenders, etc. If you are in the mortgage market, we should talk. Whether you are looking to explore your options or get a second opinion, the lending options available could save you thousands!

Wishing all of my clients, potential clients and industry partners the very best for the Holiday Season!

If you are a homeowner and struggling with high-interest debt payments, we should talk. It may make sense for you to refinance and access the equity in your home to pay off your high-interest debt. Your mortgage is typically the lowest interest rate to borrow money. Refinancing to pay off high-interest debt and lumping everything into your mortgage payment could free up extra cash each month by saving you on interest. Send us a message and we can see what's available to you.

For some the answer is easy, while for others in a fixed-rate mortgage it can become a difficult and complex question when facing prepayment penalties. What we know for sure is that rates are at record lows. If you are unsure of whats best for you, reach out. Together we will run the numbers to see what makes sense for you.

If you currently own a home, now is the right time for a mortgage checkup to find out if you can save on interest costs and what steps you can take today to help you get closer to reaching your short- and long-term financial goals. Always remember that as a Mortgage Professional Im here to offer you unbiased advice and answer any questions you might have. Please dont hesitate to reach out.

Rates are low and can be locked in for 90 days. If you are thinking about buying a new home, contact me so you can be ready to make an offer.

With rates being low, and expected to stay for a while, now is a great time to unlock equity through refinancing or a home equity line of credit (HELOC). Refinancing allows you to access equity and possibly obtain a better interest term and rate. Where as a HELOC lets you keep the mortgage you are currently paying while getting access to a large sum of money. If you are interested in exploring the possibilities available to you send me a message for a free consultation.

We want to pay your mortgage! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact me for more details or click the link below. It pays to use the right broker!... https://www.mortgagealliance.com//MortgageAllianceWinYourM

I love supporting small business that supports or community.

Using a mortgage broker gives you access to lending options you cant get on your own. We deal with many lenders, from major banks to private lending options. When you are ready to renew, refinance or purchase your next home, contact me for a consultation.

Fixed or variable? How much of a down payment do you need? What is mortgage default insurance? Do you qualify for any first-time home buyer incentives? When it comes to securing your mortgage there are a lot of questions. That's where I come in. I'll help you navigate the process, present you with options, and ensure you get not only the best rate but the terms you need. Feel free to reach out with any questions, I'm here to help.

With interest rates low, and expected to stay there, now is a great time to refinance to pay off high interest debt. Use this as an opportunity to streamline your finances and incorporate everything into one payment, your mortgage. Contact me for a free consultation.

To improve something, it is important to understand it! Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. https://www.consumer.equifax.ca//what-impacts-credit-score/

Win your mortgage payments for a year! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact me for more details or visit: https://www.mortgagealliance.com//MortgageAllianceWinYourM

While this article promotes higher credit balances, the theory is to have the available credit but not to necessarily use it to the max. High credit utilization will decrease your score. Although some good points here, it is, as always, information to be interpreted with reason. Let me know if you would like to have further questions.

Are you wondering if you should buy a house. Not sure if you qualify? Visit the attached link on my website to find out! I believe the best time to buy a house is when you CAN! https://yourmortgagemarket.com//Mortgage-/Landing-Page-en

With all the information you have been hearing about interest rates and policy changes it makes sense to schedule a free mortgage check up. We will look at your current rate and term, discuss your plans and make sure your mortgage is right for you. Send me a message and we can start your mortgage check up today.

Happy Canada Day Everyone!!

3 Reasons you should use a mortgage broker vs going to your bank: 1. Better Rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2. Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders.... 3. Our services are free we are compensated by the lender.

I've always believed the best time to buy a house is when you are ABLE to buy a house. With the economy the way it is, I'm still convinced it is a good time. The key is to be very sure of your income and employment situation. Call me if you have questions.

Are you a homeowner that can benefit from the current low rates? According to CIBC Economics, the weighted average mortgage rate currently paid by borrowers [is] roughly 50 basis points higher than the current rate no less than 20% of borrowers have already renegotiated their rates. We expect more to come. Contact me and we can do a cost/benefit analysis for you as well as look at other options.

CMHC recently announced that as of July 1 they will be tightening their underwriting guidelines which will have a huge impact on buying power for Canadians. In Canada we have 3 companies that provide mortgage insurance for those who need to buy with less than 20% down. CMHC is the most popular because they are government owned, but Genworth and Canada Guaranty announced they will not follow CMHC in tightening their policy. This is one more reason why it is so important to work with a mortgage broker who can give you options.

I work for you! As a mortgage broker I shop the market to save you money. One call gives you access to dozens of banks, credit unions and trust companies.

Getting in touch before renewing will simply help you make a better decision, especially since the current rate environment is very confusing. Its important to have the conversation early so there is time to review your financial goals, determine if it makes sense to switch your mortgage for a lower rate, or possibly refinance to consolidate debt. Overall, its an important moment of opportunity because you can renegotiate everything pertaining to your mortgage with no penalties.

COVID19 will be kicking us while we are down for awhile, but on the topic of increasing the minimum down payment to 10%. Please remember, that first time home buyers will only be at a loss if they need to sell their home before values have recovered. Just like in the stock market, you only realize your loses if you sell. If you are buying a home to stay in for 3-5 years, you will likely ride out this volatility in the housing market. Surely there are other ways for the government to protect people from themselves.

Should you break your fixed rate mortgage to save money? Every situation and mortgage agreement is different. Contact me and we can review your situation to see if the cost to break your mortgage is worth the savings over time.

Are you renewing this year, planning to buy or looking to unlock equity? The pandemic might have thrown a wrench in your plans and you are uncertain about your options. Reach out for free, honest, unbiased advice.

No surprise here. I think 2022 is early. Given the devastation our economy is going through, I won't be surprised to see a low interest rate environment for 3-5 years.

As a mortgage broker I work for you. I have access to multiple lenders to find the product and rate that meets your needs. A mortgage specialist at the bank works for the bank. They have access to 1 lender and want to sell their product, not necessarily what is best for you. Now more than ever you need a broker on your side. Contact me for a free consultation. Im here to help and answer your questions.

I'm here to help! Thanks to technology we are still able to connect, answer your questions and complete transactions whether you are buying, refinancing, or renewing your mortgage.

Even in uncertain times its important to look ahead to the future. Here are 4 ways first-time buyers can get assistance to help achieve their goals of home ownership.

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My focus is to support my customers in these stressful times while ensuring their health & safety. With the necessary tools & technologies integrated in my business processes, I am able to assist you virtually with all your mortgage needs.

As we navigate turbulent waters the best advice I can give you is to get in touch early if you are anticipating any challenges. Whether you need a new mortgage or are unsure of your current situation, there has never been a better time to get advice tailored to you.

During these difficult times it is important for purchasers to know that we are seeing delays in all aspects of the mortgage loan process from application to appraisals. What we want you to know is that this situation is new to all of us, brokers and lenders are working diligently to meet the needs of Canadian Mortgage Consumers. As a reminder, the following options may be available to assist homeowners during these times. Contact me with any questions, Im here to help. De...ferral of payments Re-amortization of the loan Capitalization of outstanding interest & costs Special payment arrangements See more

If you find yourself in the position that you need help with your mortgage payments due to COVID-19 please reach out. Most lenders have options available to skip a payment or put a hold on a payment. Each lender has different options and have updated their policies. If you have any questions do not hesitate to reach out. As a mortgage professional Im here to provide unbiased advice and counsel during these times.

Buying Power! The Stress Test changes coming into effect this April will give buyers access to about 5% more buying power. Its more important now than ever to use a broker not only to get unbiased advice but also access to the best rates.