Mortgage Alliance Soraia Jeddi

Home
Canada
Toronto, ON
Mortgage Alliance Soraia Jeddi

I take the time to understand your situation and your needs, and use our expertise and knowledge to help you make the Right Mortgage decision.

Soraia Jeddi, Mortgage Agent
Mortgage Alliance Lic # 10530

11/27/2023

If you have an insured mortgage with CMHC, Sagen, or Canada Guaranty, you are exempt from the Stress Test when switching lenders. As a mortgage borrower, this gives you more choice vs. a ‘take it or leave it’ scenario.

Reach out to explore your options.

11/21/2023

Finding a co-signer for your mortgage is a great solution, but not everyone is comfortable taking on that responsibility. Below are three alternatives to having a co-signer on your mortgage:

1. Receiving a gifted down payment. Depending on the amount, a gifted down payment might be exactly what is needed to help qualify for a mortgage without needing a co-signer.

2. Getting a joint mortgage. Joint mortgages are popular with parents helping their children buy a first home. They give both parties equal responsibility to make payments. In return, all parties get equal ownership of the home.

3. Using buyer assistance programs like the First Time Home Buyers Incentive, the Home Buyers’ Plan, or the First Home Savings Account.

For more information, reach out for a free consultation.

11/14/2023

Purchase + Improvements is ideal for the person looking to purchase a home with great potential but needs a little extra work. It allows you to incorporate the renovation costs into your mortgage upon purchase.

Reach out to learn more and see if this product is right for you.

11/07/2023

You can improve your ability to qualify for a mortgage. To get an idea of what strategies will work best for you, reach out as early as possible in the process to start the conversation. Being as prepared as possible will reduce stress and possibly save you money.

Five ways to improve mortgage qualifying success👇

1. Help from parents – co-sign, gifted down payment
2. Pay off debt
3. Polish your credit
4. Put down a larger down payment
5. Get advice early

10/30/2023

If your mortgage is coming up for renewal this year, don’t panic. Reach out to explore your options. I have access to over 60 lenders and will be able to run your numbers to see what term is best for you. Plus, my services are free!

10/23/2023

If you currently have consumer debt on a line of credit or credit card, it may be beneficial for you to consider refinancing your mortgage to pay off this high-interest debt.

By consolidating your high-interest loans, you have the potential to save thousands of dollars and increase your available cash each month. It's worth exploring this option to improve your financial situation.

10/11/2023

Reach out to discuss a rate hold. A rate hold is when you secure your interest rate for a period of time while you shop for a house or renegotiate your mortgage.

The next Bank of Canada interest rate announcement is October 25th. In the event rates rise, you can take advantage of the rate you locked in.

10/04/2023

If your mortgage is coming up for renewal, you must prepare for higher rates. It is not about panicking; it’s about being prudent. Here are three strategies you can implement to get ready:

1. Take advantage of your prepayment privileges and increase your payment amount. You’ll 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 high-interest debt.

3. If you are considering moving to a new home, get a pre-approval to protect you while shopping around. Consider not borrowing the maximum amount your lender will allow.

The best thing to do is get advice early. Reach out, and let's determine your best personal strategies to prepare.

09/27/2023

There are so many reasons to get your mortgage with me over your Bank! When you have a choice, you can be confident you got the best rate and mortgage for your situation. Professional advice is also crucial in today's changing marketplace, as is convenience and getting solutions when needed.

1. Choice. Get access to numerous lenders, including major banks.
2. Professional Advice. Make an informed decision and save money.
3. Solutions. If you don’t qualify for a Bank mortgage, we can help.
4. Convenience. Everything can be managed around your busy schedule.
5. Great Rates!

09/20/2023

Here are three benefits to buying in today’s market;

1. Higher rates mean less competition, giving you more buying power.
2. Prices are finally starting to come down after record-setting years, making buying more affordable.
3. Rates will go back down, and when they do, those who got in the market today will be able to restructure their mortgage and save on interest in the long run.

If you are thinking about buying or have questions, reach out for free, unbiased advice you can trust.

09/12/2023

Mortgage rates can be misleading. The lowest rates are not always available and may not apply to situations such as conventional mortgages, refinances, 30-year amortizations, or rental properties.

Online rate advertisements often dangle enticing rates, but upon closer examination of the fine print, many individuals may discover that they do not actually meet the qualifications for those rates. Plus, these advertisements frequently come with restrictions that could prove costly for homeowners in the long term.

If you come across an online rate advertisement, it's essential to do your research. However, it is equally important to contact me for a discussion. As your Mortgage Broker, my role is to comprehend your unique circumstances and advocate for your best interests.

09/05/2023

Monthly mortgage payments are the most standard, and lenders use this common payment to calculate the amount you would pay on other schedules. But choosing another option can shave time off your mortgage and thousands from your interest costs. 💰💡

📌 Semi-monthly means you will divide your monthly mortgage payment in half and pay that amount twice a month. 📅✌️

📌 Biweekly means paying 26 payments yearly, once every 2 weeks. For 3 months each year (usually), you'll need to make 3 payments in a month. ⏰💰

📌 Biweekly Accelerated means you're paying 26 payments each year, with an extra monthly payment added into the calculation and spread out over the year's payments. For 3 months each year (usually), you'll need to make 3 payments in a month. On average, this payment method can take your amortization from 25 years to 22.5 years. ⚡️💸

📌 Weekly means you're paying 52 payments each year, which is once a week. 🗓️📆

📌 Weekly Accelerated means you're paying 52 payments each year with an extra monthly payment added into the calculation and spread out over the year's payments. On average, this payment method can take your amortization from 25 years to 22.5 years. ⚡️📆💸

Address

Toronto, ON
M2J5B4

Telephone

+14163710044

Website

http://mortgagealliance.com/SoraiaJeddi

Alerts

Be the first to know and let us send you an email when Mortgage Alliance Soraia Jeddi posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Want your business to be the top-listed Finance Company in Toronto?