What is the First Time Homebuyer Incentive?.By Scott WestlakeMarch 30, 20230 comments#Firsttimebuyer #homebuying #whyuseamortgagebroker #mortgagebroker #buyinghome The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government ...Read more...
Why You Should Consider Using A Mortgage BrokerBy Scott WestlakeDecember 15, 20220 comments#firsttimebuyer #homebuying #whyuseamortgagebroker #mortgagebroker #buyinghome If you're considering a mortgage, you may be wondering whether you should use a mortgage broker to help you with your home loan. The short answer is: yes! Here are a few reasons why using a mortgage broker can be beneficial for homebuyers: A mortgage broker can save you ...Read more...
Let’s Get House Hunting.By Scott WestlakeDecember 2, 20210 comments#househunting #firsttimebuyer #DLC #TWT #SW Have you ever checked out an open house in the neighbourhood, which you had no intention of buying? Or checking out listings online for your dream home? Of course you have! We’ve all looked at houses for fun, even just to examine the possibilities! In reality though, it can ...Read more...
PST on Default Mortgage InsuranceBy Scott WestlakeSeptember 24, 20200 comments#defaultinsurance #mortgagedefaultinsurance #firsttimebuyer #F #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise Many buyers are not aware or prepared to pay the Sales Tax on the Mortgage Default Insurance Premium - this is when you’re putting less than 20% down payment on a purchase. This is also in addition to your down payment and other closing costs. Sales Tax in Ontario is 8% ...Read more...
Is It Now Time To Get Pre Approved For A MortgageBy Scott WestlakeMay 25, 20200 comments#preapproval #mortgagepreapproval #prequalification #buyinghome #firsttimebuyer #twt The weather is finally turning for the better, certain restrictions are being lifted (depending on the area you live in) & our team is getting flooded with questions surrounding pre-approvals. Its natural this time of year for mortgage inquiries to increase and with ...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...
The Road To Home Ownership - your complete manual to home financingBy Scott WestlakeOctober 1, 20190 comments#buyermanual #buyingahome #twt #dlc #firsttimebuyer #thewestlaketeam #scottwestlake #realestatenews We just finished our newest manual in digital format to share with our clients and referral sources. The manual includes everything you need to know about buying a home and what we consider from a financing perspective, "your complete manual to home financing." For a copy, just ...Read more...