Using a Reverse Mortgage for In-Home Health CareBy Scott WestlakeJuly 4, 20220 comments#reversemortgage Here are 2 ways to use a reverse mortgage to pay for in-home health care: 1. Set-up an Income Advantage Line of Credit – Our reverse mortgage lender will deposit a fixed amount each month into the clients bank account (ex: $2000/month). Interest is only charged on ...Read more...
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...
Your quick guide to your best short-term financing options.By Scott WestlakeNovember 11, 20210 comments#shorttermfinancing #bridgeloan #privatemortgage #reversemortgage #TWT #DLC #SW Short-term financing – credit or loans that are designed to be paid off in a short period of time – can be a useful financial tool in a variety of different situations, such as: Bridge financing If you’re planning on moving and have found a new home before ...Read more...
How Much Do You Really Know About Reverse Mortgages?By Scott WestlakeJanuary 29, 20210 comments#reversemortgage #nopaymentmortgage #twt #scottwestlake #dlc How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. Maybe you know that tens of thousands of Canadians are using a reverse mortgage as part of their financial plan. But did you ...Read more...
5 Expenses Most Canadians Don't Expect In RetirementBy Scott WestlakeNovember 16, 20200 comments#retirement #reversemortgage #twt #dlc #scottwestlake 5 Expenses Most Canadians Don’t Expect in Retirement. According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is that many retirees have saved less for retirement than they planned, making unexpected ...Read more...
How To Support Your Family Without Jeopardizing Your RetirementBy Scott WestlakeOctober 22, 20200 comments#reversemortgage #homeequity #heloc #accessequity #equitymortgage #twt #scottwestlake According to a study by Finder.com 67.7% of Canadian parents assist their adult children financially. There are many reasons why our clients may need to help out a family member, however, its important that they do so without jeaprodizing their retirement. Below, we look at ...Read more...
Know The FAQ's About Reverse Mortgages - We Are Servicing Oakville & The GTABy Scott WestlakeApril 15, 20200 comments#reversemortgage #retirement #mortgageplannig #wehaveamortgageforthat #thewestlaketeam #twt Know the FAQs about Reverse Mortgages - Servicing Oakville & The GTA Thousands of Canadians are using a reverse mortgage as part of their re rement solu on. Purpose-built for Canadians 55+ it allows homeowners to turn their equity into tax-free cash. Below is ...Read more...
CHIP REVERSE MORTGAGEBy Scott WestlakeMarch 11, 20200 comments#chip #reversemortgage #twt #dlc #oakville #babyboomers Over the last few years its been evident to our team there is an aging demographic of clients, looking to access equity in their homes that they have built up over the years. Running in parallel, lending has become a lot more strict and it hasn't been as easy for clients to ...Read more...
Reverse Mortgages Explained...By Scott WestlakeSeptember 27, 20190 comments#reversemortgage #retirement #mortgageplannig #wehaveamortgageforthat #thewestlaketeam #twt Great article from our friends at Home Equity Bank on the differences between a reverse mortgage in Canada and USA. We have a couple specialists on our team and wed be happy to support any inquiries on if a reserve mortgage is suitable for your family. Full article credit ...Read more...
Planning For Retirement - We Have A Mortgage For ThatBy Scott WestlakeMay 23, 20190 comments#reversemortgage #retirement #mortgageplannig #wehaveamortgageforthat #thewestlaketeam #twt Wether you or a family member are planning for retirement or are already retired and looking for credit solutions, we have a mortgage for that. From traditional lending through banks and credit unions to reverse mortgages we can help access equity with or without income to support ...Read more...
A Guide to the CHIP Reverse Mortgage ProgramBy Scott WestlakeMarch 7, 20190 comments#reversemortgage #CHIP #CHIPreversemortgage #retirementmortgage #twt #thewestlaketeam #scottwestlake #mortgagebroker We just received the updated guide for CHIP Reverse Mortgages and are available for distribution. This guide covers the following topic: 1. A note from the President of CHIP 2. What is a Reverse Mortgage 3. The Benefits of CHIP Reverse Mortgage ...Read more...
Reverse Mortgage Oakville & GTABy Scott WestlakeFebruary 5, 20191 comments#reversemortgage #reversemortgageoakville #oakvillereversemortgage #thewestlaketeam #twt #scottwestlake #reversemortgagegta #CHIP #chipmortgage #patch #pathmortgage 1. What is a Reverse Mortgage 2. Eligibility for Reverse Mortgage 3. Qualifying for a Reverse Mortgage 4. Repaying the money you borrow 5. Cost to get a Reverse Mortgage 6. ...Answer1. A reverse mortgage is solution for home owners 55 years and older that want to access equity from their home without having to sell it. For clients that may not have the income to qualify from ...Read more...