Jordan Zion - Mobile Mortgage Agent

Jordan Zion - Mobile Mortgage Agent Seamless Mortgage and Refinance Solutions

07/08/2022

4 Suprising Factors About Appraisals

1: Odor (Ex: ci******es, pets)
2: Neighbours
3: Landscaping
4: Death & disaster

07/06/2022

When you're buying a home and are under contract, the appraisal will be one of the first steps in the closing process. If the appraisal comes in at or above the contract price, the transaction proceeds as planned. If the appraisal comes in below the contract price, however, it can delay or derail the transaction.

07/05/2022

You're most likely to get a mortgage if:

- You're in full-time employment.

- You're sensible with your money.

- You've saved a reasonable deposit (between 5 - 10% of property value)

- You've got a good credit score.

06/30/2022

In addition to saving at least 5% for your down payment, you should plan to save around 3% of your home's purchase price to cover closing costs, which are one-time fees associated with the sale of a home. These can include things like the property appraisal fee, notary fees, title insurance and more.

06/29/2022

✅ Must be a first-time home buyer

✅ Must be a Canadian citizen, permanent resident or non-permanent resident authorized to work in Canada

✅ Must earn less than $120,000 (buyers in Toronto, Vancouver, and Victoria may qualify with increased annual income of $150,000)

✅ Must have the minimum qualifying down payment

06/28/2022

A new home ownership program allows qualified buyers to buy a home with 5% down payment.

This is a program for home buyers who do not have a down payment to buy a house. We can help you get a mortgage even if you do not have any money on hand or in the form of savings. Send us a message to learn if you qualify!

06/24/2022

Every home purchase involving a mortgage includes two major financial considerations: the price of the home and the loan’s interest rate. How do these two elements affect the overall cost of homeownership, and how might they affect your decision to purchase a home? We’ll address this topic by explaining the dynamic between your interest rate, the price of your home and the cost of homeownership.

06/23/2022

The Canadian Real Estate Association (CREA) recently revealed that home resales had decreased by 12.6% across Canada between March and April 2022, with the home price index posting its first monthly decline for two
years

In mid-April, Royal LePage upwardly adjusted its housing market forecast for 2022, raising its expectations of national home price growth from 10.5% to 15% – mainly spurred by price appreciation in the Greater Toronto Area (GTA) that isn't anticipated to slow for some time.

06/21/2022

The country experienced a 25.7 percent drop in the number of homes sold over the last year and a 3.8 percent slide in housing prices between March and April, the Canadian Real Estate Association said Monday. The average home price last month totalled $741,517.

06/17/2022

Bridge loan interest rates typically range between 6% to 10%. Meanwhile, traditional commercial loan rates range from 1.176% to 12%. Borrowers can secure a lower interest rate with a traditional commercial loan, especially with a high credit score. However, that means enduring a long processing time of at least 3 months.

06/16/2022

The difficulty of getting a bridge loan varies depending on the type of lender you choose. For conventional lenders, they evaluate your risk. This process is similar to a mortgage application and includes your credit score, stable finances, and a general understanding of your ability to make payments.

06/13/2022

Bridge financing in Canada, therefore, is a short-term loan that allows you to put a substantial down payment on your new home before you've sold your old one. Bridge financing when buying a house is typically fairly short-term. Most bridge loans in Canada have to be paid back within six to 12 months.

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8130 Sheppard Avenue E #209
Scarborough, ON
M1B3W3

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