State Of The RateBy Scott WestlakeApril 6, 20200 comments#stateoftherate #mortgagenews #realestatenews #twt #dlc The change, which will take effect April 6, 2020, means borrowers with insured mortgages (typically those with less than 20% equity) will need to prove they can afford monthly mortgage payment based on a rate equal to the weekly median 5-year fixed insured mortgage rate plus ...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...
COVID-19 Updates & What Homeowners Need To KnowBy Scott WestlakeMarch 30, 20200 comments#mortgageadvise #mortgagenews #whattodowithmortgage #twt #dlc #covid19 At The Westlake Team (TWT) & Dominion Lending Centres, we are deeply concerned about the Coronavirus – and we know you are too. Our thoughts and prayers go out to all the families and front line workers that are dealing with this around the world. We recognize that many ...Read more...
What You Should Do With Your Mortgage In Todays MarketBy Scott WestlakeMarch 30, 20200 comments#mortgageadvise #mortgagenews #whattodowithmortgage #twt #dlc #covid19 In today's volatile market a common question from clients and referral sources alike is what their clients should be doing in todays market with their mortgage. We break down the different mortgages you may have and what industry professionals are recommenting. Existing ...Read more...
How To Get A Mortgage, Access To Capital Or Relief During COVID-19By Scott WestlakeMarch 19, 20200 comments#mortgageadvise #mortgagerelief #mortgagerenewal #mortgagerefinance #twt This weeks been confusing to say the least, but we, as a team, are super proud of everyone thats moved their offices home, started working remote for the betterment of our community and are working around the clock to help those in need! This week we have already taken questions ...Read more...
"Business As Usual"By Scott WestlakeMarch 17, 20200 comments#businessasusual #helpinghomeowners #mortgageadvise #twt Following the unprecedented developments around COVID-19 (coronavirus), TWT, The Westlake Team is instructing the entire team to work from home. During this temporary arrangement, we are committed to fulfilling our responsibilities to you. We will fulfill all ...Read more...
"Business As Usual"By Scott WestlakeMarch 17, 20200 comments#businessasusual #helpinghomeowners #mortgageadvise #twt Following the unprecedented developments around COVID-19 (coronavirus), TWT, The Westlake Team is instructing the entire team to work from home. During this temporary arrangement, we are committed to fulfilling our responsibilities to you. We will fulfill all ...Read more...
How We Can Help Home Owners Going Through Financial DifficultiesBy Scott WestlakeMarch 16, 20200 comments#mortgageassistance #mortgagehelp #skipapayment #holdapayment #covid19support #twt There are multiple programs designed to help home owners who are experiencing temporary financial difficulties as a result of an unexpected life event. We are communicating with our Lending Partners, Insurers like CMHC & Genworth and are happy to support any client - be ...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...
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...
Top 5 Things Millennials Should Know When Buying Real EstateBy Scott WestlakeMarch 10, 20200 comments#millennial #millenialmortgage #twt #dlc #thewestlaketeam #firsttimebuyer #FTHB Some great commentary from our team at DLC on what Millennials should know when getting into real estate. As always for more information on how our team can help you with your next mortgage, email scott@thewestlaketeam.com, info@thewestlaketeam.com or call ...Read more...
Brokerage Awards!By Scott WestlakeMarch 6, 20200 comments#mortgageawards #mortgagebroker #mortgagenews #twt #dlc Dominion Lending Centres has built an incredible network of mortgage brokers, owners, and employees across Canada that have truly shown how hard work and dedication can make an impact. At DLC our passion is our people. We strive to give our mortgage brokers the best possible ...Read more...
March Monthly Mortgage Newsletter - 2020By Scott WestlakeMarch 5, 20200 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh This month we touch on: 1. What you need to know before you buy. 2. Refinance your Mortgage - which is very applicable with the recent news Mortgage Rates are reducing! 3. Information on Dominion Lending Centres 4. Information on The Westlake Team ...Read more...
HOW TODAYS INTEREST RATES NOSEDIVE IMPACTS YOU AND YOUR CURRENT OR NEXT MORTGAGEBy Scott WestlakeMarch 4, 20200 comments#bocratecut #ratecut #mortgagerate #mortgagebroker #twt #dlc #oakvillebroker Our Chief Economist Dr. Sherry Cooper has provided a market update on todays interest rate cut. For the full article click on the link below. In terms of how this interest rate cut impacts our current and future customers depends on many variables. ...Read more...
10 Great Reasons To Work With A RealtorBy Scott WestlakeFebruary 24, 20200 comments#workingwitharealtor #mortgagebroker #realestateagent #oakville #gtamortgage #twt #scottwestlake We want to give a shout out to all those amazing realtors out there! Those that work with us, those that are newer to working with us and those that haven't yet, but hopefully can in the near future! Our team empowers the realtor/mortgage broker relationship. In fact, ...Read more...
New Benchmark Rate for Qualifying For Insured MortgagesBy Scott WestlakeFebruary 19, 20200 comments#breakingnews #qualifyingrate #twt #scottwestlake #oakvillemortgagebroker #gtamortgage Our Chief Economist Dr. Sherry Cooper shares the recent news on the new qualifying interest rate... Although the net impact, immediately, may only be 30 basis points, this is a strong message that we require a more dynamic solution that can adjust to the market place ...Read more...