Recently Funded - $2.4M Reverse Mortgage for High Net Worth Client.By Scott WestlakePortfolioJune 3, 20220 comments#recentlyfunded #portfolio #reversemortgage #retirement Would it surprise you if you learned that High-Net-Worth (HNW) clients use reverse mortgages as part of their overall financial planning strategy? HNW clients have a minimum of $1 million dollars in liquid assets. So why use a reverse mortgage? Why High-Net-Worth Clients Use ...Read more...
Recently Funded - $1.553M Mortgage - Residential Purchase - Pre Approved for NO COF - P - 1.25%By Scott WestlakePortfolioApril 23, 20220 comments#portfolio #recentlyfunded #SW #TWT #DLC #purchase #variablerate TWT Recently Funded a $1.55M Mortgage for a client of ours purchasing a new home. Client referred by realtor during a very hot market with limited supply and needed feedback on viability of no financing condition. TWT fully underwrites pre approvals ...Read more...
Recently Funded - $2M Construction FacilityBy Scott WestlakeMarch 2, 20220 comments#portfolio #construction #constructionmortgage TWT Recently Funded a $2M credit facility. Up to 80% of the as-completed value of the home 65% of the land value released upon registration. Remaining funds draws based on the percentage complete. Interest only charged on the funds advanced to-date ...Read more...
Recently Funded - Multiple Mortgages For Pre-Sale Condo DevelopmentBy Scott WestlakePortfolioNovember 23, 20210 comments#portfolio #recentlyfunded #SW #TWT #DLC Pre-sale properties are brought to the market by the developer before the properties are built. Clients can put deposits down to contractually buy the rights to the property. During the "cooling off" stage our clients come to us for support in qualifying them for the ...Read more...
Recently Funded - HELOC - Mortgage & Line of CreditBy Scott WestlakePortfolioJuly 27, 20210 comments#portfolio #recentlyfunded #HELOC #lineofcredit #SW #TWT #DLC TWT Recently funded $1.6M HELOC. A HELOC is a home equity line of credit. However, just because we put a HELOC in place doesn't, doesn't mean its all line of credit. In this particular circumstance our client qualified for a total limit of $1,600,000 in lending. ...Read more...
Recently Funded - Mortgage For Investment PropertyBy Scott WestlakePortfolioJune 24, 20210 comments#portfolio #recentlyfunded #rentalproperty #investmentproperty #SW #TWT #DLC TWT has recently funded multiple mortgages for clients accumulating real estate for the purpose of investment. Our clients range from their first or second investment property to clients that have hundreds. With real estate being a very comfortable asset class ...Read more...
Recently Funded - Self Employed Mortgage Refinance $1.4MBy Scott WestlakePortfolioMay 6, 20210 comments#fundedmortgage #recentlyfunded #portfolio #refinance #ETO #SW #TWT #DLC TWT Recently Funded a Mortgage Refinance for $1.4M for Self Employed Clients. Purpose of refinance was a combination of equity take out for home improvement & debt consolidation. Clients have built up significant equity but also accumulated unsecured debt. Clients ...Read more...