First Time Home Buyer Mortgage GTA

First Time Home Buyer Mortgage GTA

By Scott Westlake0 comments
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...
Mortgage insurance for Self Employed

Mortgage insurance for Self Employed

By Scott Westlake0 comments
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 Qualifications

Self Employed Mortgage Qualifications

By Scott Westlake0 comments
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-APPROVAL

5 REASONS WHY REALTORS WANT YOU TO HAVE A PRE-APPROVAL

By Scott Westlake0 comments
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...
Government of Canada Programs to Support Home Buyers

Government of Canada Programs to Support Home Buyers

By Scott Westlake0 comments
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 Insurance

What is Mortgage Default Insurance

By Scott Westlake0 comments
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...
Corporate Mortgage Program

Corporate Mortgage Program

By Scott Westlake2 comments
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...
Canadian Economic Outlook for 2019

Canadian Economic Outlook for 2019

By Scott Westlake1 comments
I am always a little apprehensive in making predictions on the market place, especially with regards to the broader economy of Canada.  Therefore, I leave this responsibility in addressing those types of questions to DLC's Chief Economist, Dr. Sherry Cooper.  Dr. Cooper's ...Read more...
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