Commercial Mortgage Oakville, GTABy Scott WestlakeJanuary 30, 20190 comments#oakvillecommercialmortgage #commercialmortgage #thewestlaketeam #twt #scottwestlake #commerciallendingoakville #commerciallending #commercialmortgage #commercialmortgagetoronto #mortgageadvise Commercial Lending is one of our fasting growing verticals within The Westlake Team. Similar to our Residential vertical, we have built significant relationships with Banks, Credit Unions, Trust Companies, Insurance Companies and Private Capital to once again, be our commercial ...Read more...
First Time Home Buyer Mortgage GTABy Scott WestlakeJanuary 29, 20190 comments#FTHB #firsttimehomebuyer #mortgageadvise #thewestlaketeam #TWT #scottwestlake #oakvillemortgage #gtamortgage #FTHBmortgage #Homebuyerplan Some great advise from our friends at DLC on what information First Time Home Buyers should be aware of when buying a home and more specifically applying for a mortgage. The steps broken down: 1. Find a Fantastic Mortgage Broker 2. Get Comfortable with the numbers ...Read more...
What We Do!By Scott WestlakeJanuary 28, 20191 comments#mortgagelending #mortgagebrokeroakville #mortgagebrokergta #thewestlaketeam #twt #mortgageadvise #corevalues #luxuryrealestate #lendingoakville #lendinggta I loved the process of creating a new website. Especially, when the designer asked us 3 very specific questions to help their company understand our business. They simple asked: 1. Who we are 2. What do we do, 3. Why do people want to work with us. I never ...Read more...
Mortgage insurance for Self EmployedBy Scott WestlakeJanuary 22, 20190 comments#cmhcselfemployedmortgage #selfemployedmortgagequalifications #mortgageadvise #oakvillemortgage #mortgagegta #thewestlaketeam #TWT #scotwestlake #businessforselfmortgage Apparently, self employed individuals make up roughly 15% of the Canada's labour force (noted in the CMHC link below). It is evident working in the industry as a mortgage professional, that its become difficult to apply for a mortgage. CMHC has announced that they revised ...Read more...
Self Employed Mortgage QualificationsBy Scott WestlakeJanuary 21, 20190 comments#selfemployedmortgagequalification #selfemployedlending #selfemployedmortgagerules #oakvillemortgage #torontolending #mortgagecanada #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate I personally believe that the way we know self employment mortgages from the past has disappeared. Stating income and using what we believe to be an accurate indication of debt serviceability for a mortgage qualification is no longer an option in my opinion at the bank level. We ...Read more...
5 REASONS WHY REALTORS WANT YOU TO HAVE A PRE-APPROVALBy Scott WestlakeJanuary 18, 20190 comments#preapproval #firsttimehomebuyer #millenialmortgage #thewestlaketeam #twt #scottwestlake #mortgageadvise #mortgagepreapproval #preapprovaloakville #preapprovaltoronto In the embedded link there are 5 great reasons to have a pre approval and why your realtor wants you to have one in place. I might add, that not all pre approvals are created equal. A top realtor in our area called me asking about a pre approval a client received from ...Read more...
Mortgage ApplicationBy Scott WestlakeJanuary 18, 20191 comments#mortgageapplication #mortgageadvise #mortgageoakville #mortgagetoronto #bestrates #thewestlaketeam #twt #scottwestlake #mortgagelendinggta One of the first steps in applying for a mortgage is completing an application. A good application allows us to capture the pertinent details to fully underwrite a mortgage, be it pre-approval, purchase, refinance or renewal. So many times, we see clients take very little time ...Read more...
Government of Canada Programs to Support Home BuyersBy Scott WestlakeJanuary 17, 20190 comments#FTHB #CMHC #homebuyer #homebuyeroakville #homebuyertoronto #homebuyerburlington #mortgage #mortgageadvise #thewetlaketeam #scottwestlake #twt Our partners at CMHC has some terrific information on programs the Government of Canada has set up to support home buyers. For more information visit:https://www.cmhc-schl.gc.ca/en/buying/financial-information-and-calculators/government-of-canada-programs-to-support-homebuyers ...Read more...
What is Mortgage Default InsuranceBy Scott WestlakeJanuary 16, 20190 comments#defaultinsurance #mortgagedefaultinsurance #genworth #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise In 2018 a very common question, especially among our first time home buyers, was with regards to default insurance. I thought the best explanation out there is credit from our good friends at Genworth Financial: http://genworth.ca/en/homebuyers/index.aspx What is Mortgage ...Read more...
Credit Counselling OntarioBy Scott WestlakeJanuary 15, 20190 comments#clevercredit #creditadvise #creditsolutions #credithelpoakville #creditsupport #credithelpontario #thewestlaketeam #twt #scottwestlake #creditcounsellingontario #creditneed #poorcredit #realestate Over the last year, credit has been coming up in more conversations than I recall in the past. In the past, I was never sure how to assist. Our team underwrites and review credit on a daily basis and we therefore have a higher level of sophistication when it comes to providing ...Read more...
Corporate Mortgage ProgramBy Scott WestlakeJanuary 10, 20192 comments#corporatemortgageprogram #mortgageprogram #affinityprogram #mortgageadvise #lending #thewestlaketeam #TWT #scottwestlake #realestate #lucuryrealestate #luxurylending #corporatepackage #mortgageadvise WHAT IS A CORPORATE MORTGAGE PROGRAM Our corporate mortgage program has been influenced around our existing customers. The most common referral we receive is from our clients. Its natural for friends, family and colleagues to be excited about their most recent real ...Read more...