2023 Awards & Charitable InitiativesBy Scott WestlakeAwardsJanuary 9, 20230 comments#awards #charity Read more...
Employment Report Ended 2022 With A BoomBy Scott WestlakeJanuary 9, 20230 comments#employment #CPI #rates #mortgagerate #drsherrycooper Today's Labour Force Survey for December was much stronger ...Read more...
Monthly Mortgage Newsletter - January 2023!By Scott WestlakeJanuary 2, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter Welcome to the January ...Read more...
New Year Resolutions for Your Home.By Scott WestlakeJanuary 2, 20230 comments#homeresolution #newyearresolution New Year Resolutions for Your Home. Your finances aren’t the only thing that has room for new resolutions in 2023! Consider these great ideas to make your home feel brand new come January: Purge Your Space While most people think about purging when Spring comes around, the end ...Read more...
Cayman Marshall Magazine - Scott Westlake Joins FC FundingBy Scott WestlakeDecember 29, 20220 comments#SW #FC #DLC Information on the transition Scott Westlake & The Westlake Team made to FC Funding. Read more...
Info on Foreign Buyer Ban on Residential PropertiesBy Scott WestlakeDecember 29, 20220 comments#buyerban #foriegnbuyerban #mortgageageadvise As of January 1, 2023, Canada will implement a foreign buyer ban in an effort to address housing affordability and supply issues. This ban will restrict non-Canadian citizens and non-permanent residents from purchasing certain types of residential properties in certain regions of ...Read more...
The Bank of Canada Won't Like This Inflation ReportBy Scott WestlakeDecember 23, 20220 comments#boc #inflation #interestrates November's CPI inflation rate fell only one tick to 6.8%, ...Read more...
Recently Funded - Private Mortgage $1M - Bridge Purchase & SaleBy Scott WestlakeMy PortfolioDecember 19, 20220 comments#privatemortage #privatelending #clientfirst #bridgefinancing We recently funded a deal for a client that required a private mortgage as a short term solution. The client was in a unique situation where they were waiting to sell their home in the spring of 2023, but needed to secure financing for a new property closing in late November. Our ...Read more...
98 Reviews!!!By Scott WestlakeDecember 19, 20220 comments#reviews #review #mortgagereview #mortgagetestimonial #Testimonial In 2022 we set out to start asking clients for mortgage reviews. Its something we wished we started earlier not knowing the positive impact they would have on future clients wanting to consider our services and potential new referral sources. Even with a late start, we are thrilled ...Read more...
Another Month, Another Dip in HousingBy Scott WestlakeDecember 15, 20220 comments#economicupdate #realestateprices Statistics released ...Read more...
A Heartfelt Thank YouBy Scott WestlakeDecember 15, 20220 comments#thankyou #givingthanks #referralpartners #givingback #community #love Dear clients, referral partners, community partnerships, friends, and family, As we come to the end of 2022, I wanted to take a moment to reflect on the year and to express my heartfelt gratitude for your support. It has truly been an interesting year in the world of real estate, ...Read more...
Why You Should Consider Using A Mortgage BrokerBy Scott WestlakeDecember 15, 20220 comments#firsttimebuyer #homebuying #whyuseamortgagebroker #mortgagebroker #buyinghome If you're considering a mortgage, you may be wondering whether you should use a mortgage broker to help you with your home loan. The short answer is: yes! Here are a few reasons why using a mortgage broker can be beneficial for homebuyers: A mortgage broker can save you ...Read more...
Advise For First Time Home BuyersBy Scott WestlakeDecember 15, 20220 comments#FTHB #firsttimehomebuyer #homebuyer #homebuying #interestrates First-time home buyers may be feeling a mix of excitement and anxiety as they begin the journey towards homeownership. There are many steps to the home buying process, and it can be overwhelming to think about all the things you need to consider and do. But don't worry! With a little ...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...
Financial Mistakes to Avoid in Today’s Economy.By Scott WestlakeDecember 12, 20220 comments#financialmistaketoavoid #financialmistakes #financialliteracy 2022 has been nothing but bad news financially for most Canadians. Our stock portfolios are worth a lot less, everything we buy costs more, and interest rates are making our mortgages and other loans a lot more expensive. More than ever it is time to tread carefully and avoid any ...Read more...
Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hikeBy Scott WestlakeDecember 7, 20220 comments#BNN #bloomberg #SW #DLC #interestrates #inflation Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hike. She says the central bank will need to see the labour market cool and that it will likely not pivot to rate cuts until 2024. Link to Dr. Sherry ...Read more...