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Residential Mortgage

residential

Residential mortgages come in many different shapes and sizes. The most popular terms are Fixed, Variable and Home Equity Line of Credit (HELOC). Choosing the right mortgage for you is an important decision and will impact your borrowing costs over the life of your mortgage. After educating yourself on the basics contact one of our mortgage agents for expert advice on selecting your next residential mortgage.

Fixed Rate Mortgage

A fixed rate mortgage provides peace of mind by locking in your interest rate and mortgage payment for the term you’ve chosen. Fixed rates are available in terms ranging from 1 to 10 years. A 5 year fixed rate mortgage is the most popular term chosen by first time homebuyers. It provides a good balance of a low mortgage rate and payment with the peace of mind of 5 years without any changes.

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Dan Wowk has been an incredible resource and help for my family's search for our mortgage renewal. His professionalism and timeliness has helped reduce stress and save us a lot of money in the process. I highly recommend Dan and Zoom Mortgage to anyone wanting someone they can trust with their mortgage needs.
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Dr. Freddie So

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Dan thanks again for all your help in renewing our mortgage and setting up the line of credit. I appreciate how you made the process fast, simple and hassle free. Great rate too.
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Mike E. of Oakville

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I just wanted to thank you Dan for your continued professional service over the years on my mortgage with ZoomMortgage. I got the best rate on the market and even with today’s recent low interest rates, I still have a better rate than what is being offered – in fact, my friends can’t believe what you got for me!! That’s why I referred them to you and now they are so happy with your Fast service and the great experience that you have. A BIG thank you from a single mom that was struggling in getting the right mortgage.. YOU ARE THE BEST
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Lorette S of Burlington

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Just wanted to say that Dan is the best! He gets the job done! He is quick, efficient and professional… For any mortgage concerns, call him now!!!!
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Corinne F. of Oakville

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Thanks for getting back to me so quickly. Very impressed.
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Chris of St. Thomas

"Dan Wowk has been an incredible resource and help for my family's search for our mortgage renewal. His professionalism and timeliness has helped reduce stress and save us a lot of money in the process. I highly recommend Dan and Zoom Mortgage to anyone wanting someone they can trust with their mortgage needs."

Dr. Freddie So

"Dan thanks again for all your help in renewing our mortgage and setting up the line of credit. I appreciate how you made the process fast, simple and hassle free. Great rate too."

Mike E. of Oakville

"I just wanted to thank you Dan for your continued professional service over the years on my mortgage with ZoomMortgage. I got the best rate on the market and even with today’s recent low interest rates, I still have a better rate than what is being offered – in fact, my friends can’t believe what you got for me!! That’s why I referred them to you and now they are so happy with your Fast service and the great experience that you have. A BIG thank you from a single mom that was struggling in getting the right mortgage.. YOU ARE THE BEST "

Lorette S of Burlington

"Just wanted to say that Dan is the best! He gets the job done! He is quick, efficient and professional… For any mortgage concerns, call him now!!!!"

Corinne F. of Oakville

"Thanks for getting back to me so quickly. Very impressed."

Chris of St. Thomas

Variable Rate Mortgage

Variable rate mortgages typically offer a lower mortgage rate than their fixed rate counterparts. The downside is that you take on the risk that the mortgage rate goes up along with your monthly payments. Variable rates are typically offered in only 3 or 5 year terms. Variable rate mortgages are more suited to seasoned homeowners with comfortable incomes.

HELOC

A Home Equity Line of Credit provides the highest interest rate of the 3 options. The benefits provided by a HELOC are the ability to pay it off at any time with no penalty and the ability to borrow back up to the established credit limit. HELOC’s are most suited to borrowers who will only need the money for short period of time or who want to set up a HELOC with a $0 balance for emergency use.

F.S.C.O. Brokerage License # 11931 - Broker Owner: Dan Wowk: Mortgage Agent #M09000576
Head Office: 2386 Lionstone Drive, Oakville, Ontario L6M 4S9 | Phone: 905-847-0100

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