Frequently (and not so frequently!) Asked Mortgage Questions.By Scott WestlakeMay 9, 20230 comments#mortgageadvise New to mortgages? Have questions but not sure where to start? We have the answers! What is the best interest rate I can qualify for? Your credit score plays a big role in the interest rate you can qualify for. The riskier you appear as a borrower, the higher your rate ...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...
Facts About Using a Guarantor.By Scott WestlakeNovember 23, 20220 comments#guarantor #cosignor #mortgageadvise In the mortgage world, a “guarantor” is someone who guarantees the mortgage on behalf of the mortgage holder in the case that the mortgage holder cannot pay back the loan. Typically, a guarantor is used in a situation where the buyer has damaged or poor credit history ...Read more...
The Art of Leveraging Through Real EstateBy Scott WestlakeNovember 3, 20210 comments#leveraging #rentals #mortgageadvise #SW #TWT #DLC For some people, just owning one property and having a single mortgage is enough to handle. But there may be no better way to grow your net worth than real estate. You might not realize homeownership can be a gateway to owning multiple investment properties. You might be thinking: ...Read more...
Downsizing Your Home.By Scott WestlakeSeptember 30, 20210 comments#downsizing #mortgageadvise #retirement #SW #TWT #DLC Moving to a larger house is not the only time that things can change with your home and mortgage. Sometimes there comes a point when owning a home becomes a little too much to handle; or maybe you’re an empty-nester and no longer need three extra bedrooms. Whatever the reason, ...Read more...
The Mortgage Financing Process.By Scott WestlakeJuly 14, 20210 comments#homebuyerprocess #FTHB #firstimebuyer #mortgaegbroker #mortgageadvise #SW #TWT #DLC The Mortgage Financing Process. The number one question for any potential homebuyer or someone new to the mortgage process is “what does this process entail?”. The following is a simple outline to give you an idea of the process and help you understand what to expect as ...Read more...
Moving on UP!.By Scott WestlakeJune 17, 20210 comments#mortgageadvise #mortgageapproval #SW #DLC #TWT Life is constantly changing from your career to your family as we climb up the ladder of life. With these life changes, your current home may no longer be working for you. Whether you’re cramped in your tiny apartment or have a little one on the way, it may be time to look at ...Read more...
The 5 Most Common Roadblocks During The Mortgage Approval Process?By Scott WestlakeJune 14, 20210 comments#mortgageadvise #mortgageapproval #mortgageroadblocks #SW #DLC #TWT For more information on working with our team, please contact us --> scott@thewestlaketeam.com When in the process of buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”. If you have found your ...Read more...
10 Steps to Home Sweet Home.By Scott WestlakeJune 11, 20210 comments#homesweethome #mortgageadvise #mortgageadvise #SW #TWT #DLC 10 Steps to Home Sweet Home. Congratulations! There is nothing more exciting than moving into a new home. Whether a new building or re-sale property, there are a few things you can do as soon as you take possession in order to make it your own. Invest a weekend or two into warming ...Read more...
Recently Funded - Projected Income For Physicians, Dentists & Veterinarians scottBy Scott WestlakeMy PortfolioMay 21, 20210 comments#TWT #DLC #SW #mortgageadvise #mortgagebroker TWT funded a mortgage for a physician who recently completed their residency. We were able to use the clients projected income to help qualify for their mortgage. Similar programs are available for Dentists & Veterinarians in their final year of residency, fellowship, ...Read more...
Relocate or Renovate.By Scott WestlakeApril 12, 20210 comments#renovation #purchase #mortgagebroker #mortageadvise #DLC #TWT #SW #scottwestlake #HGTV For more information on how to obtain the right mortgage for you, be it renovation or purchasing a new home email scott@thewestlaketeam.com or call 416-436-1135 Relocate or Renovate. Like Lighting in a Bottle. That’s how Todd Talbot describes the chemistry between ...Read more...
A part of the journeyBy Scott WestlakeJanuary 8, 20210 comments#mortgageadvise #mortgagebroker #partofthejourney #twt #scottwestlake #dlc At The Westlake Team, Dominion Lending Centres - we want to be your trusted advisor through every stage of your home-buying journey. Learn how our team can shop the market, so that you obtain the best mortgage financing options available to you. Pre-Approval, Purchase, Refinance ...Read more...
Why Chose A Mortgage Broker To Work With In 2021!By Scott WestlakeJanuary 7, 20210 comments#mortgageproscanada #whyworkwithamortgagebroker #mortgageadvise #mortgagebroker #twt #scottwestlake #dlc Why Choose a Broker? For many Canadians, the purchase of a home is likely the biggest financial investment decision they will make in their lifetime. To help realize the dream of homeownership, you'll want to work with a professional mortgage broker who will offer sound, professional ...Read more...
Monthly Mortgage Newsletter January 2021!By Scott WestlakeJanuary 6, 20210 comments#monthlymortgagenewsletter #twt #scottwestlake #mortgaegadvise IN THIS ISSUE ...Read more...
Planning For A Mortgage In 2021 - Everything You Need To Know & More!!!By Scott WestlakeDecember 18, 20200 comments#planningforamortgage #mortgageprep #mortgagebroker #mortgageadvise #FTHB #firstimebuyer #scottwestlake #dlc Planning for a mortgage. What you need to know and how Scott & his team can help! scott@thewestlaketeam.com 416-436-1135 Understanding your Credit Score One of the important factors in home ownership is understanding things like your credit score. ...Read more...
Ultimate Checklist for Selling Your Home.By Scott WestlakeDecember 15, 20200 comments#sellingyourhome #mortgageadvise #mortgagebroker #dlc #twt #scottwestlake Ultimate Checklist for Selling Your Home. Selling your home can be an extremely stressful experience. Between thinking about moving logistics and financials, it’s easy to miss the small details in between the process. With that in mind, we’ve built this checklist for selling ...Read more...
Getting Your Home Winter Ready.By Scott WestlakeNovember 25, 20200 comments#homeadvise #gettinghomewinterready #twt #dlc #scottwestlake #mortgaebroker #mortgageadvise Winter is coming… With the changing of the seasons, it can be a good time to take stock of your home and ensure you are ready for the winter and it’s colder weather. To help you feel more comfortable, save on bills and prevent future repair costs, there are some simple ...Read more...
Mortgage Rate Holds ExplainedBy Scott WestlakeNovember 6, 20200 comments#mortgageratehold #ratehold #mortgageadvise #scottwestlake #twt #dlc Rate Holds Explained. If you shopping for a home, or have worked with a mortgage professional in the past, you’ve most likely heard of rate holds before. If not, it is something that every potential homeowner should be aware of. This is especially true for the application process ...Read more...
Sagen 2020 HOMEOWNERSHIP & FINACNIAL FITNESS STUDYBy Scott WestlakeNovember 2, 20200 comments#sagen #genworth #canadiansurvey #mortgageadvise #mortgagesurvey #twt #scottwestlake Prior to COVID-19, Canadians and Canadian homeowners were showing their strongest financial fitness to date. Social isolation, job loss, remote work and other sacrifices resulted in a decline on Canadians’ financial fitness overall, but by less than it certainly would have been ...Read more...
Monthly Mortgage Newsletter October 2020By Scott WestlakeOctober 7, 20200 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh Welcome to our monthly mortgage newsletter! On a monthly basis we try to update our clients and referral sources with market relevant information to help support whats happening in the world of mortgages & home ownership that might be relevant to you! This month we ...Read more...
PST on Default Mortgage InsuranceBy Scott WestlakeSeptember 24, 20200 comments#defaultinsurance #mortgagedefaultinsurance #firsttimebuyer #F #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise Many buyers are not aware or prepared to pay the Sales Tax on the Mortgage Default Insurance Premium - this is when you’re putting less than 20% down payment on a purchase. This is also in addition to your down payment and other closing costs. Sales Tax in Ontario is 8% ...Read more...
The Importance of Choice When It Comes To Mortgage LendingBy Scott WestlakeAugust 27, 20200 comments#mortgageadvise #90lenders #bestrates #bestmortgageterms #scottwestlake #twt #dlc How long would it take for you to shop 90 stores to find the perfect couch? Now ask that same question about your mortgage. Did you know? Top Mortgage Brokers (like us) have access to over 90 lenders! This can be a real advantage to ensuring you, the client, receives ...Read more...
Welcome To The June 2020 Issue Of Our Mortgage NewsletterBy Scott WestlakeJune 3, 20200 comments#monthlymortgagenewsletter #mortgagenesletter #mortgageadvise #mortgagenews #twt #dlc #scottwestlake Summer is just around the corner and we have some great articles for you this month! We have compiled some helpful tips on what you need to know BEFORE you start house-hunting, as well as why getting pre-approved matters. Plus, We have included some fun tips on staying cool and saving ...Read more...
A Couple Reasons To Work With Our Mortgage TeamBy Scott WestlakeMay 19, 20200 comments#mortgageawards #mortgagebroker #mortgaegadvise #realestate #twt #dlc Our team is always trying to surround ourselves with great people to work with. The people we work with give us a unique competitive advantage when it comes to supporting our clients and referral sources with their mortgage and lending needs. We urge you to take the same ...Read more...
Monthly Mortgage Newsletter May 2020By Scott WestlakeMay 7, 20200 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh First and foremost, we continue to hope everyone is safe, healthy and happy! With Spring at our doorstep, now is a great time to do some Spring cleaning in the form of tidying up your monthly budget! Renovations are another popular activity this time of year, so I have included ...Read more...
How & Where To Access Mortgage Capital & More...By Scott WestlakeApril 29, 20200 comments#mortgagecapital #homeequity #reliefcapital #governmentrelief #mortgaegadvise #twt #dlc Over the last 6 weeks there has naturally been a large increase in inquiries from Canadian's looking for access to Mortgage Capital or other sources of capital. As a Mortgage Brokerage that has access to many forms of Mortgage Capital we want to share some different avenues ...Read more...
Monthly Mortgage Newsletter April 2020By Scott WestlakeApril 8, 20200 comments#twt #twtcapital #dlc #monthlymortgagenewsletter #mortgageadvise #realestatenews Hey Everyone! First and foremost we are hoping everyone is healthy and happy! Secondly, we have launched our April Monthly Mortgage Newsletter. This month we touch on: 1. To defer or not to defer your mortgage payment 2. Lock-in or stay variable ...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...
The Westlake Team (TWT) & Dominion Lending Centres Recognize You May Be Looking For Mortgage Advise...By Scott WestlakeMarch 23, 20200 comments#dlccommercial #covid19 #mortgageadvise #mortgagehelp #mortgagerefinance #oakvillemortgagebroker #gtamortgage At The Westlake Team (TWT), part of Dominion Lending Centres, we are deeply concerned about the Coronavirus – and we know you are too. We recognize that many homeowners may be looking for guidance around mortgage financing and our mortgage brokers are here for you today, and ...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...
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...
BUILDING A PLAN TO MOVE INTO YOUR DREAM HOME!!By Scott WestlakeFebruary 11, 20200 comments#dreamhome #mortgageadvise #buildaplan #genworth #twt #scottwestlake There is nothing like finding your dream home! However, there is a lot of work that goes into that process, including getting organized for the right Mortgage. Our team is breaking down our top 8 steps to help with the mortgage process when buying your dream home. For ...Read more...
Our February Monthly Mortgage Newsletter!By Scott WestlakeFebruary 10, 20200 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh This month we touch on: 1. How to leverage your RSP to buy your first home 2. How to get a Mortgage this Spring whether you are upsizing or downsizing 3. Home Owners Tips 4. Did you know, information about DLC and TWT For full link to full newsletter: ...Read more...
1st Newsletter of 2020! Our January Mortgage NewsletterBy Scott WestlakeJanuary 15, 20200 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh Very exciting to be sharing our first Mortgage Newsletter of 2020! This month we touch on the following: 1. Changing Your Financial Direction 2 Improving your credit score isn't as hard as you think 3. About Dominion Lending Centres 4. Homeowner Tips In addition, ...Read more...
Mortgage Lending in 2020By Scott WestlakeJanuary 7, 20200 comments#mortgaegbroker #twt #thewestlaketeam #dlc #realestate #mortgageadvise #luxurylending #nichelending #2020predictions #gtamortgaegbroker Its a new year, a new decade and everyone thats buying, renewing, refinancing or in the real estate cycling wants to know what mortgage financing in 2020 is going to look like. In my opinion, lending in 2020 is going to be similar to the second half of 2019, unless the ...Read more...
TWT & DLC Christmas 2019By Scott WestlakeDecember 20, 20190 comments#2020 #bestmortgagebrokerage #twt #dlc #thewestlaketeam #advise #homeadvise #mortgagebrokerage #bestmortgagebroker This year brokers and brokerages across the Dominion Lending Centre Network, Including our team at TWT helped over 60,000 Canadians secure financing for their homes! Our team is super proud to be apart of the largest Mortgage Brokerage Network in Canada and our even more ...Read more...
Monthly Mortgage Newsletter - December 2019By Scott WestlakeDecember 2, 20190 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh I can't believe its already December! Its a great time to reflect and be Thankful for all the amazing people in our lives. I would like to thank all our clients, referral sources, team members, family and friends that made 2019 one of our best years yet! We are very ...Read more...
Monthly Mortgage Newsletter - November 2019By Scott WestlakeNovember 5, 20190 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerage For this months newsletter: https://www2.mambonetcom.com/cgi-bin/social/show.pl?cid=9589&sid=S1305&v=1572967460 Thanks again to all our amazing clients and referral sources for supporting our team! We are always appreciative! Keep those referrals coming! ...Read more...
Monthly Mortgage Newsletter October 2019By Scott WestlakeOctober 8, 20190 comments#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerage This month’s edition looks at same-lender renewal rates and improving your credit score. Please let me know if you have any questions or feedback regarding anything outlined below. Thanks again for your continued support and referrals! To read our monthly newsletter ...Read more...
The Westlake Team Joins Oakville Chamber of CommerceBy Scott WestlakeSeptember 25, 20190 comments#oakvillechamberofcommerce #oakvillechamber #thewestlaketeam #twt #mortgagenews #mortgageadvise #oakvillemortgagebroker The Westlake Team is very happy to become a member of The Oakville Chamber of Commerce. The Chamber is the voice of the Oakville business community: Advocacy, government relations, discount and saving programs and networking opportunities. The Oakville Chamber was established ...Read more...
How to Get the Best Mortgage!By Scott WestlakeJuly 4, 20190 comments#bestmortgage #mortgaegadvise #bestrate #constructionmortgage #selfemployedmortgage #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam #scottwestlake Defining BEST Mortgage is difficult as we all have different unique needs and requirements. To a lot of clients the best mortgage involves the best rate, which we can help find and provide to our clients. To others, the best mortgage is one than can get them the approval ...Read more...
Building a plan to move into your dream home!!By Scott WestlakeMay 25, 20190 comments#mortgageadvise #oakvillemortgagebroker #gtamortgage Some great advise from our partners at DLC in Quebec on building a plan to move into your dream home. There’s nothing quite like stepping into your dream home for the very first time. You have achieved your goal of homeownership! However, the journey from home seeker ...Read more...
Let us be a part of the Journey!By Scott WestlakeMay 24, 20190 comments#mortgageadvise #oakvillemortgagebroker #gtamortgage #preapproval #FTHB Buying a home can be exciting but also stressful. A good mortgage broker should help navigate the buying process from start to finish. Brokers work with multiple banks, credit unions, mono-line lenders and have access to creative lending programs. In an ever changing market ...Read more...
Should you pay down your mortgage ASAP?1?By Scott WestlakeApril 13, 20190 comments#payingdownmortgage #mortgageadvise #twt #thewestlaketeam #scottwestlake I read a blog post from one of my peers on if it makes sense to pay your mortgage down ASAP (article below) and thought I would share my ten cents for my readers and clients. Depending upon your interest rate, other investments or opportunities you have available to ...Read more...
Source of Funds - Organizing your Down PaymentBy Scott WestlakeApril 5, 20190 comments#sourceofdownpayment #downpayment #mortgageadvise #twt #thewestlaketeam #scottwestlake A great explanation on what and why our lenders require when it comes to verifying sources of funds for a down payment. The good news is, working with a mortgage broker and more specifically a team like ours with infrastructure helps with this process, along with everything else! ...Read more...
How to pay off your Mortgage FASTER in CanadaBy Scott WestlakeFebruary 28, 20190 comments#mortgagetips #mortgaegeadvise #buyingahome #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #burlingtonmortgagebroker #torontomortgage As a brokerage that originates a lot of mortgage business, I feel we have a responsibility to not only help Canadians get into their homes but also help them become mortgage free faster. Below are my tips on how you can do this! 1. Choose an accelerated mortgage payment ...Read more...
Mortgage Document ChecklistBy Scott WestlakeFebruary 20, 20190 comments#mortgagedocumentchecklist #mortgaechecklist #twt #thewestlaketeam #twt #scottwestlake #oakvillemortgagebroker #mortgageoakville #gtamortgage #mortgageadvise #lucuryrealestate When applying for a mortgage or even better, when doing the pre-approval its crucial from an underwriting perspective to understand the buyers income. We have created multiple checklists to help clients understand whats required: Our checklist outlines what clients should ...Read more...
Canadian Mortgage Professionals 2019 Hot ListBy Scott WestlakeFebruary 18, 20190 comments#hotlist #CMPhotlist #scottwestlake #twt #thewestlaketeam #oakvillemortgagebroker #mortgagebrokergta #mortgageadvise #luxuryrealestate Each year Canadian Mortgage Professional (CMP) accepts nominations for their "HOT LIST." They commented on this group by saying, "despite a challenging year for the broker channel, these 40 mortgage professionals managed to set the industry on fire." I am proud to say the someone ...Read more...
How To Know When You Are Ready To Buy A HouseBy Scott WestlakeFebruary 18, 20190 comments#ishomeownershiprightforyou #areyoureadytobuy #preapproval #mortgagebrokeroakville #mortgagebrokertoronto #twt #thewestlaketeam #scottwestlake #mortgageadvise #oakvllemortgagebroker Signs you are ready to buy a house! 1. You have enough for your down payment -The minimum down payment to purchase a home in Canada is 5% and this should be a natural starting point. Being able to save for the down payment shows the discipline needed for home ownership ...Read more...
Q & N with Scott Westlake on MortgagesBy Scott WestlakeFebruary 6, 20191 comments#mortgageadvise #scottwestlake #twt #thewestlaketeam #bestoakvillemortgagebroker #torontomortgagebroker #oakvillemortgage #burlingtonmortgage #bestmortgagebroker #luxuryrealestate #luxuryfinancing 1. How do I get the best rate 2. How long does it take to get pre-approved 3. What documents are needed for a mortgage 4. Do you like brokering better than being a banker 5. ...Answer1. Just ask. We constantly are finding the best rates for our clients. I just like to emphasize the importance in finding the best rates for YOU. We have a free mortgage app that publishes ...Read more...
February 2019 Mortgage NewsletterBy Scott WestlakeFebruary 5, 20190 comments#mortgageadvise #luxuryrealestate #oakvillemortgagebroker #burlingtonmortgagebroker #twt #thewestlaketeam #scottwestlake #homeowners #alternativelending #alternative #mortgage #mortgageadvise This February we touch on the ABC's of Alternative Lending and the idea of if "we" are qualified to help qualify you for a mortgage. We also provide a homeowners tip on insurance and provide some additional information on who is DLC along with who is The Westlake Team if you ...Read more...
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...
Canadian Economic Outlook for 2019By Scott WestlakeJanuary 8, 20191 comments#mortgageoutlook #mortgagebroker #realestate #realestatelending #thewestlaketeam #scottwestlake #mortgageadvise #mortgageopinion #mortgagenews 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...