4 Key Things to Know about a Second Mortgage.By Scott WestlakeFebruary 1, 20230 comments#secondmortgage #privatelending #homeequity #refinance A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such ...Read more...
Recently Funded - $2M Readvanceable Equity Loan + $1M Acquisition CapitalBy Scott WestlakeJanuary 24, 20230 comments#investment #realesateinvestor #privatelending #privatecapital Recently, we were able to provide funding for two mortgages for one of our real estate investor clients. As a full-time investor, our client was facing challenges with debt servicing and liquidity, which was hindering their ability to take advantage of opportunities in the current ...Read more...
Recently Funded - Private Mortgage $1M - Bridge Purchase & SaleBy Scott WestlakeMy PortfolioDecember 19, 20220 comments#privatemortage #privatelending #clientfirst #bridgefinancing We recently funded a deal for a client that required a private mortgage as a short term solution. The client was in a unique situation where they were waiting to sell their home in the spring of 2023, but needed to secure financing for a new property closing in late November. Our ...Read more...
How Bridge Financing Works.By Scott WestlakeJune 10, 20220 comments#bridgeloan #shorttermloan #privatelending In life, things rarely go as planned. This is especially true when it comes to real estate! When it comes to buying a new home, in a perfect world, most of us would like to take possession of their new residence before having to move out of the old one. This makes moving a lot easier ...Read more...
Alternative MortgagesBy Scott WestlakeOctober 25, 20210 comments#credit #alternativemortage #alternativelending #privatelending #DLC #SW #TWT If you love the content we provide, you can subscribe to our mailing list: https://lp.constantcontactpages.com/%20su/lkc6q9O There’s Always an Alternative. When it comes down to getting approved for a mortgage, there are a lot of factors and not everyone will ...Read more...
Canadian Mortgage Award FinalistsBy Scott WestlakeMarch 4, 20210 comments#canadianmortgageawards #dominionlendingcentres #twt #dlc #scottwestlake #privatelending #mortgagebrokerawards Dominion Lending Centres has built an incredible network of mortgage brokers, owners and employees across Canada who have truly shown how hard work and dedication can make an impact. This is especially true for this years 2020 CMA Finalists. The Westlake Team, Part of Dominion ...Read more...
Virtual Mortgage AssessmentBy Scott WestlakeApril 3, 20200 comments#mortgageadvise #mortgagenews #whattodowithmortgage #mortgagerefinance #mortgagerenewal #privatelending #privatemortgage #purchase #twt #dlc #covid19 We are very proud of how quickly our industry has adapted to change. Our brokerage at Dominion Lending Centres put up one of the better websites with resources for homeowners savings questions pertaining to finances and the impact of COVID-19 https://dominionlending.ca/covid-19/ Our ...Read more...
Top Brokers!By Scott WestlakeMarch 7, 20200 comments#mortgagebroker #mortagebrokeraward #topbroker #oakvillebroker #constructionfinancing #privatelending Thanks for the award DLC! 2019 was a fun year getting back into brokering. A year back I wasn't sure I was going to continue brokering. Lots of opportunities have been thrown at me as an active Entrepreneur and I continually hit crossroads. I ...Read more...
Gap Funding Solutions for Real Estate in TorontoBy Scott WestlakeDecember 12, 20181 comments#gap #funding #realestate #toronto #gta #lending #lenders #private #bridgeloan #thewestlaketeam #scottwestlake #privatelending #realestate #demandloan #bank #privatelending #oakville #toronto #GTA Gap Funding Lenders for Real Estate in Toronto, Oakville & GTA We define Gap financing as a non-traditional lending solution, when the client purchases a property and has not sold their existing home and cannot qualify to carry both mortgages. This is different ...Read more...