Recently Funded Mortgage --> Unlocking Financial Success: The Power Couple's Journey to Mortgage SuccessBy Scott WestlakeMy PortfolioJune 6, 20230 comments#recentlyfunded #businessforself #netincomeaftertax #businessincome #businessforselfmortgage #selemployedmortgage Introduction: In the world of high net worth individuals and entrepreneurs, financial decisions can often be complex and challenging. Recently, we had the pleasure of working with a remarkable power couple who epitomized success in both their personal and professional lives. Their ...Read more...
Recently Funded - Cross Collateral Mortgage To Assist In Closing The Purchase While Sale Awaits...By Scott WestlakeMy PortfolioMarch 27, 20230 comments#recentlyfunded #portfolio Recently, we had the opportunity to assist a buyer with a short-term bridge loan to purchase a new property while waiting for their existing home to sell. In this transaction, we cross-collateralized the purchase asset and sale to meet the closing and provide a smooth transition for ...Read more...
Recently Funded - Business for Self Mortgage $1.84M - Refinance - Variable Rate To Fixed RateBy Scott WestlakeMy PortfolioDecember 12, 20220 comments#recentlyfunded #businessforself #netincomeaftertax #businessincome #businessforselfmortgage #selemployedmortgage We recently funded a mortgage for a client of ours, for $1.84M. The client has a good equity position in their home and wanted to refinance their property. The clients business slows down over the holidays and early part of the winter and and wanted to firm up their payment ...Read more...
Recently Funded - $2.4M Reverse Mortgage for High Net Worth Client.By Scott WestlakeMy PortfolioJune 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 WestlakeMy PortfolioApril 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 - Multiple Mortgages For Pre-Sale Condo DevelopmentBy Scott WestlakeMy PortfolioNovember 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 WestlakeMy PortfolioJuly 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 - 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 - Mortgage For Investment PropertyBy Scott WestlakeMy PortfolioJune 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 - 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...
Recently Funded - Self Employed Mortgage Refinance $1.4MBy Scott WestlakeMy PortfolioMay 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...