Zachary Shabsove- Mortgage Alliance

Zachary Shabsove- Mortgage Alliance Welcome to my official business page! Allow me to serve you with personalized services so you can get the right mortgage for your personal needs.

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for i...
02/13/2024

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for investment opportunities. Depending on your qualifications, a second mortgage will allow you to access 80% - 95% of your home equity.

One of the attractive things about second mortgages is the payment. In most cases, you can pay interest only or interest plus the amount of principal you select.

For more information, reach out for a free consultation.

Are you getting or renewing your mortgage this year? Uncertainty about interest rates continue to be top of mind for bor...
02/06/2024

Are you getting or renewing your mortgage this year? Uncertainty about interest rates continue to be top of mind for borrowers. Three strategies to help you limit your risk of uncertainty are:

1. Use multiple rate holds – Getting a rate hold early protects you from temporary increases before you sign off on your mortgage. If rates decline, you can ask for another hold at the lower rate.

2. Choose a short-term fixed – If you need a new mortgage now but believe rates will fall in the future, you can lock into a one-year fixed. These types of rates are higher than a 5-year fixed but if rates do decline over the course of the year, paying more for a one-year fixed works out better than locking into a 5-year fixed.

3. Choose a hybrid mortgage – This lets you split your loan into two or more portions tied to variable as well as fixed rates.

For more information, reach out for a free consultation.

Refinancing means getting out of your current mortgage and replacing it with a new one. This can be beneficial for many ...
01/30/2024

Refinancing means getting out of your current mortgage and replacing it with a new one. This can be beneficial for many reasons. Take a look at 3 common reasons to refinance your mortgage. 🏠

👉 To consolidate high-interest debt
👉 To fund home renovations
👉 Access lowest-cost funds for a large expense

At renewal, you can renegotiate everything pertaining to your mortgage – with no penalties – which means this is an impo...
01/22/2024

At renewal, you can renegotiate everything pertaining to your mortgage – with no penalties – which means this is an important moment of opportunity. You may also want to discuss refinancing your mortgage to pay off debt, complete renovations, or pay for a major expense ahead.

Reach out to explore your options.

Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mo...
01/17/2024

Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mortgages, refinances, 30-year amortizations, and rental properties.

Rates are also used as a lure in online rate ads. But the reality is that once the fine print is read, many will find they don’t qualify for that rate, and often, there are restrictions that could cost homeowners in the long run.

If you see an online rate ad, do all the research you can, but be sure to call me to discuss. It’s my job to understand your situation and look out for your best interests.

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will o...
01/04/2024

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will often send you an early renewal offer during the period. It is important to know that early renewal offers are usually uncompetitive. Your best option is to reach out and explore your options!

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are bene...
12/28/2023

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are benefits to buying in a slower market, such as;

📌 Less competition, which gives the buyer more edge.
📌 Prices are coming down from the record highs, making homes more affordable.

What goes up must come down, and when rates do come down, those who got into the market today will be able to restructure their mortgage and save on interest in the long run.

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready ...
12/18/2023

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready are:

1. Take advantage of your prepayment privileges and increase your payment amount. You will pay down more principal and be accustomed to paying a higher amount at renewal.

2. Watch your bad debt. Be cautious about any credit card or other high-interest debt.

It is not about panicking; it’s about being prudent. Reach out to determine your best strategies.

Rather than purchasing an existing home, a construction loan allows you to borrow money to have your own home built for ...
12/13/2023

Rather than purchasing an existing home, a construction loan allows you to borrow money to have your own home built for you. This allows you to construct your own home from the ground up.

Homebuilding loans differ from ordinary mortgages in terms of loan length and loan availability.

Here are a few quick tips on construction loans 🛠:

📌Construction loans enable you to fund the construction of unique residences.

📌You do not receive the entire mortgage amount straight front. Instead, four payments are made with each building milestone.

📌Construction loan rates are often higher than regular loan rates.

For more information on construction loans, reach out.

Address

291 Olmstead Street
Ottawa, ON
K1L7J9

Telephone

+16136171282

Website

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