Author Archives: Ali Wowk

Closing Costs: Are You Ready To Pay?

When buying a home there are a lot of hidden expenses that can take you by surprise. Knowing about these costs can make the process of buying your home much smoother. These costs can come out of [what seems like] nowhere. The hidden price tags lay hidden within insurance, mortgage approval, moving fees and more. Here are the most popular hidden costs when buying a new home. Home Specific costs: … Read More

Posted in Uncategorized | Leave a comment

Condos Vs. Apartments: The Difference Matters

Condos are usually managed by a Homeowners Association (HOA), but each individual unit has a separate owner. You have the option to purchase a condo, just like you would a house. If you choose to rent a condo, the owner of the unit would be your landlord. On the other hand, you cannot purchase individual apartment units. Instead, apartments typically have one owner, most likely a corporation, and are leased … Read More

Posted in Uncategorized | Leave a comment

Why Use Zoom Mortgage?

Ads can be seen all over the place advertising mortgage brokers but to most, the term doesn’t mean very much. A mortgage loan from the bank so you can buy a house, is there really, more to a mortgage broker than that? The answer is yes. A mortgage broker is the unbiased intermediary between you and the bank. While passing along paperwork and contracts for underwriting and approval, at Zoom … Read More

Posted in Uncategorized | Leave a comment

Millennials in the Housing Market

Being a millennial is often looked at as being the youngest in the room, but that is no longer the case. They are here and ready to take on the world. Millennials are all around you, they are adults, between the ages of 23-38 by the end of 2019. They are starting to take over the housing market; as much as they can anyway. Between high mortgage rates and prioritizing … Read More

Posted in Uncategorized | Tagged , | Leave a comment

Is the First-Time Buyers Incentive a Smart Choice for Canadians?

In March the Canada Mortgage and Housing Corporation (CMHC) announced the new First-time home buyer incentive (FTHBI), set to launch on September 2nd, 2019. The incentive presents the opportunity to receive an interest free loan of up to 10% of the property value, when purchasing your first home. The question now is, will it be worth it? The answer is not as black and white as it may seem. The … Read More

Posted in Articles, Blog | Tagged , , , , | Leave a comment