3 Advantages of a Pre-Approval.By Scott WestlakeJuly 11, 20220 comments#preapproval #prequalification #buyingahome #purchasingrealestate While getting pre-qualified can give you a ballpark estimate on what you can afford, getting pre-approved is where the real magic happens. Mortgage pre-approval means that a lender has stated (in writing) that you do qualify for a mortgage and what amount, based on submitted ...Read more...
Renting Vs. Buying: What You Need to Know!By Scott WestlakeJanuary 31, 20220 comments#rentvsown #preapproval #firsttimebuyers #SW #TWT #DLC When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no right or wrong answer when it ...Read more...
Time Is Money, We Can Help You With BothBy Scott WestlakeNovember 26, 20200 comments#timeismoney #mortgageapp #preapproval #scottwestlake #dlc #twt Time is money and our brokerage can help you with both. 1. Our FREE Mortgage App/Calculator is available on iPhone & Android and can pre-qualify you in under 60 seconds. Link: https://www.dlcapp.ca/app/scott-westlake 2. Our brokerage does same day pre ...Read more...
You Can Now Apply For Your Mortgage Online!!!By Scott WestlakeJuly 29, 20200 comments#onlinemortage #mortgageapplication #mortgagenews #preapproval #renewal #refinance #purchase #twt #dlc #scottwestlake We have had the capability for a long time to take online applications but have been reluctant to introduce new technology into the mortgage origination process. We introduced a lot of technology to assist clients in the mortgage process and for our office to manage workflow and documentation ...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...
Commentary On Our Current Market Conditions & How To Take Advantage Of Current Market Low Interest RatesBy Scott WestlakeMarch 13, 20200 comments#preapproval #ratechange #refinance #renewal #mortgagebroker #twt First off, on behalf of our entire team, we hope everyone is safe and healthy during a confusing time with the impact COVID-19 is having on the entire world. In relation to the impact on Canadian's Mortgages, we are now obtaining historical low interest rates for both fixed ...Read more...
10 Great Reasons to use a Mortgage BrokerBy Scott WestlakeFebruary 17, 20200 comments#10reasonstousemortgaegbroker #twt #thewestlaketeam #scottwestlake #mortgagebroker #realestate #luxurybroker #purchase #preapproval #refinance #construction #commercial #renewal Here are 10 great reasons why you should consider a Mortgage Broker for your next Mortgage! Be it purchase, refinance, renewal, residential, commercial, private or construction - here are 10 reasons why you need a Mortgage Broker in your corner. To connect with one of ...Read more...
What the Bank of Canada recent rate announcement means to buyersBy Scott WestlakeJanuary 23, 20200 comments#rateannouncement #mortgagebroker #mortgagepreapproval #twt #dlc #thewestlaketeam #mortgagenews #realestatenews The Bank of Canada maintained its target for the overnight rate of 1.75% for the tenth consecutive time. Demand remains robust in Quebec because of their strong labour market and in Ontario and British Columbia population growth is boosting housing demand. With no change ...Read more...
How to finance YOUR next home purchase!By Scott WestlakeOctober 22, 20190 comments#homebuying #twt #thewestlaketeam #howtofinanceyourhome #homepurchase #preapproval A common question we get from our clients and realtors is how we can make the home buying process easier. There has been constant change in the mortgage industry over the last year, so we created a quick take away that realtors have been asking for their open houses that explains ...Read more...
5 Mistakes First Time Home Buyers Should AvoidBy Scott WestlakeSeptember 25, 20190 comments#homebuyermistakes #preapproval #oakvillemortgagebroker #homebuying #gtamortgage #twt #thewestlaketeam #scottwestlake A great article written by one of my peers from DLC on mistakes home buyers should try to avoid. (Credit and link at bottom of article). The biggest thing about buying a home is being prepared, asking questions and having a knowledgeable professional help address them. ...Read more...
Canada's First Time Home Buyer Incentive Program for First Time Home BuyersBy Scott WestlakeAugust 30, 20190 comments#fisttimebuyerincentive #nationalhousingstrategy #firsttimehomebuyerincentiveprogram #preapproval #mortgage #bestbrokeroakville #gtamortgage #twt #scottwestlake We have been inundated with questions on the New, First Time Home Buyer Incentive Program. Please see details below along for links to relevant information. As always our brokerage and team will be leading the way with new initiatives and helping make home ownership ...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...
Mortgage Pre-Qualification in less than 60 seconds is here!!!By Scott WestlakeApril 9, 20190 comments#mortgageapp #prequalify #preapproval The update we have been waiting for is finally available for download on the Apple Store & Google Play in which our clients and referral sources can use our app to get pre-qualified in under 60 seconds. In my opinion its the most comprehensive pre-qualification tool that actual ...Read more...
Get Pre Qualified for a Mortgage in 30 secondsBy Scott WestlakeMarch 16, 20190 comments#mortgageapp #prequalify #preapproval Our FREE Mortgage App just got better! We can now pre-qualify clients in under 30 seconds. Our app will even generate a certificate with the approval amount and all the data used to pre-qualify you. Download our free app and know what you pre-qualify for https://www.dlcapp.ca/app/scott-westlake We ...Read more...
Mortgage Stress Test CalculatorBy Scott WestlakeFebruary 28, 20190 comments#mortgagestresstest #stresstestmortgage #twt #thewestlaketeam #scottwestlake #preapproval #mortgagecalculator #realestate Are you wondering how the "stress test" impacts your ability to buy a home? We launched an app this past year to specifically help you calculator what you can afford. By downloading: https://www.dlcapp.ca/app/scott-westlake you can quickly click on our stress ...Read more...
Minimum Down Payment RequirementsBy Scott WestlakeFebruary 22, 20190 comments#preapproval #downpayment #downpaymentoptions #minimumdownpaymentoptions #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #torontomortgage #luxuryrealestate Explanation of minimum down payment requirements: Purchase price between $1 - $500,000 = 5% minimum down payment Example - a purchase price of $400,000 is a minimum down payment of $20,000 Purchase price between $500,000 - $999,999 = Blended down payment The ...Read more...