Ottawa to Allow 30-year Amortizations for First Time Buyers' Mortgages on New HomesBy Scott WestlakeApril 12, 20240 comments#FTHB #firsttimehomebuyer #mortgagenews #insuredmortgage #newbuild #marketupdate Advocates are applauding Ottawa's decision to extend the amortization period on insured mortgages for specific homebuyers, viewing it as a positive step toward making homeownership more attainable. Finance Minister Chrystia Freeland announced the extension to 30 years for insured ...Read more...
Advise For First Time Home BuyersBy Scott WestlakeDecember 15, 20220 comments#FTHB #firsttimehomebuyer #homebuyer #homebuying #interestrates First-time home buyers may be feeling a mix of excitement and anxiety as they begin the journey towards homeownership. There are many steps to the home buying process, and it can be overwhelming to think about all the things you need to consider and do. But don't worry! With a little ...Read more...
The Mortgage Financing Process.By Scott WestlakeJuly 14, 20210 comments#homebuyerprocess #FTHB #firstimebuyer #mortgaegbroker #mortgageadvise #SW #TWT #DLC The Mortgage Financing Process. The number one question for any potential homebuyer or someone new to the mortgage process is “what does this process entail?”. The following is a simple outline to give you an idea of the process and help you understand what to expect as ...Read more...
Are You Ready For Home OwnershipBy Scott WestlakeJuly 1, 20210 comments#areyoureadyforhomeownership #homeownership #FTHB #homebuyer #SW #TWT #DLC For more information on working with our team on your next mortgage, contact scott@thewestlaketeam.com Are You Ready for Home Ownership?. While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there ...Read more...
Recently Funded - Multiple Mortgage Refinances & Mortgage TransfersBy Scott WestlakeMy PortfolioJune 29, 20210 comments#recentlyfunded #recentlyfundedmortgage #FTHB #TWT #SW #DLC TWT has recently funded a significant amount of mortgage refinances and mortgage transfers. The combination of low mortgage interest rates & appreciating real estate assets is a perfect combination to consider restructuring ones current mortgage. Refinance --> ...Read more...
Recently Funded - High Ratio Insured Purchase For First Time Home BuyerBy Scott WestlakeMy PortfolioMay 12, 20210 comments#recentlyfunded #recentlyfundedmortgage #FTHB #TWT #SW #DLC TWT recently funded a $882,440 High Ratio Insured Mortgage for our First Time Home Buyers. The purchase price was $915,000 and our clients wanted the lowest down payment. For CMHC-insured mortgage loans, you must have the following: • 5% down payment for ...Read more...
10 First-Time Homebuyer Mistakes.By Scott WestlakeApril 26, 20210 comments#FTHB #10firsttimehomebuyermistakes #buyermistakes #mortgagrbroker #mortgaegbrokerage For information on working with Dominion Lending Centres, The Westlake Team or Scott Westlake on your next mortgage, be it pre approval, purchase, refinance or switch, please contact our team @416-436-1135. Article: As a first-time buyer, there are some homebuyer ...Read more...
Planning For A Mortgage In 2021 - Everything You Need To Know & More!!!By Scott WestlakeDecember 18, 20200 comments#planningforamortgage #mortgageprep #mortgagebroker #mortgageadvise #FTHB #firstimebuyer #scottwestlake #dlc Planning for a mortgage. What you need to know and how Scott & his team can help! scott@thewestlaketeam.com 416-436-1135 Understanding your Credit Score One of the important factors in home ownership is understanding things like your credit score. ...Read more...
Top 5 Things Millennials Should Know When Buying Real EstateBy Scott WestlakeMarch 10, 20200 comments#millennial #millenialmortgage #twt #dlc #thewestlaketeam #firsttimebuyer #FTHB Some great commentary from our team at DLC on what Millennials should know when getting into real estate. As always for more information on how our team can help you with your next mortgage, email scott@thewestlaketeam.com, info@thewestlaketeam.com or call ...Read more...
20 Terms Homebuyers Need to KnowBy Scott WestlakeJuly 10, 20190 comments#keymortgageterms #mortgageterminology #buyingahome #firsttimehomebuyer #FTHB #twt #thewestlaketeam #scottwestlake #DLC A great article on some key terms homebuyers should know. Article originally posted by Kelly, from DLC. Please see full article credit at bottom of article... "Buying a home is one of the most important financial decisions you will make. It’s common for ...Read more...
Let us be a part of the Journey!By Scott WestlakeMay 24, 20190 comments#mortgageadvise #oakvillemortgagebroker #gtamortgage #preapproval #FTHB Buying a home can be exciting but also stressful. A good mortgage broker should help navigate the buying process from start to finish. Brokers work with multiple banks, credit unions, mono-line lenders and have access to creative lending programs. In an ever changing market ...Read more...
First Time Home Buyer Mortgage GTABy Scott WestlakeMay 21, 20190 comments#FTHB #firsttimehomebuyer #oakvillemortgage #gtamortgage Check out one of our new commercials as seen on TV. Regardless if your a First Time Home Buyer in Oakville, where our head office is located, or around the GTA we have a team that can help secure your next mortgage! Don't take our word for it, see some of the reviews ...Read more...
Federal Budget 2019 - Actions for HomebuyersBy Scott WestlakeMarch 22, 20190 comments#federalbudget2019 #millenials #firsttimehomebuyer #FTHB #TWT #thewestlaketeam #scottwestlake There has been a mixed reviews on the recent Federal Announcement with regards to addressing affordability for home owners in Canada. Everything from excitement over the increased Maximum withdrawal from your RRSP to disappointment in the CMHC First Time Home Buyer Incentive. ...Read more...
First Time Home Buyer Mortgage GTABy Scott WestlakeJanuary 29, 20190 comments#FTHB #firsttimehomebuyer #mortgageadvise #thewestlaketeam #TWT #scottwestlake #oakvillemortgage #gtamortgage #FTHBmortgage #Homebuyerplan Some great advise from our friends at DLC on what information First Time Home Buyers should be aware of when buying a home and more specifically applying for a mortgage. The steps broken down: 1. Find a Fantastic Mortgage Broker 2. Get Comfortable with the numbers ...Read more...
Government of Canada Programs to Support Home BuyersBy Scott WestlakeJanuary 17, 20190 comments#FTHB #CMHC #homebuyer #homebuyeroakville #homebuyertoronto #homebuyerburlington #mortgage #mortgageadvise #thewetlaketeam #scottwestlake #twt Our partners at CMHC has some terrific information on programs the Government of Canada has set up to support home buyers. For more information visit:https://www.cmhc-schl.gc.ca/en/buying/financial-information-and-calculators/government-of-canada-programs-to-support-homebuyers ...Read more...