Ottawa to Allow 30-year Amortizations for First Time Buyers' Mortgages on New HomesBy Scott WestlakeApril 12, 20240 comments#FTHB #firsttimehomebuyer #mortgagenews #insuredmortgage #newbuild #marketupdate Advocates are applauding Ottawa's decision to extend the amortization period on insured mortgages for specific homebuyers, viewing it as a positive step toward making homeownership more attainable. Finance Minister Chrystia Freeland announced the extension to 30 years for insured ...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...
First-Time Home Buyer.By Scott WestlakeJanuary 20, 20220 comments#firsttimehomebuyer #buyingrealestate #homepurchase #SW #TWT #DLC Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up thinking of a white picket fence and our dream home. Even if you imagined your dream home as ...Read more...
First Time Home Buyer Guide Updated!By Scott WestlakeSeptember 22, 20210 comments#firstimehomebuyer #firsttimehomebuyerguide #SW #TWT #DLC We are super happy to inform you that we have updated our First Time Home Buyer Guide. For a copy please email, scott@thewestlaketeam.com In today's competitive market its very important to be an informed buyer and part of that includes surrounding yourself with the right ...Read more...
Are You Ready For Home OwnershipBy Scott WestlakeJuly 1, 20210 comments#areyoureadyforhomeownership #homeownership #FTHB #homebuyer #SW #TWT #DLC For more information on working with our team on your next mortgage, contact scott@thewestlaketeam.com Are You Ready for Home Ownership?. While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there ...Read more...
Buying Your First HomeBy Scott WestlakeDecember 29, 20200 comments#FIRSTTIMEHOMEBUYER #BUYINGHOME #BUYING1STHOME #HOMEBUYING #SCOTTWESTLAKE #TWT We are happy to share our process for buying your first home. Being a First Time Home Buyer can seem daunting so we have put together this detailed reporting on what our brokerage feels prepares you for success. For more information or to apply for a mortgage email scott@thewestlaketeam.com or ...Read more...
"The Mortgage Manual" Our House Magazine Digital Version Now AvailableBy Scott WestlakeApril 20, 20200 comments#ourhouse #mortgagemagazine #firstimehomebuyer #oakvillemortgagebrokerage #gtamortgage #lucuryfinance #buyingahome #myfirsthome #firstmortgage Due to COVID-19 we suspended this months delivery of Our House Magazine. However, that doesn't mean you still cannot get the content. This addition is a follow up to our popular edition entitled Mortgage Manual. This Magazine touches on everything a homebuyer needs to ...Read more...
First Time Home Buyer Incentive ExplainedBy Scott WestlakeSeptember 13, 20190 comments#firstimehomebuyerincentive #firstimehomebuyer #FTHM #TWT #thewestlaketeam #mortgagebroker #realestate Now that the First Time Home Buyer Inventive program is being explained we want to share a few simple illustrations to help our clients and referral sources with the fast facts. You can download our marketing material as a quick reference guide or email scott@thewestlaketeam.com for ...Read more...
How A Mortgage Pre Approval Works! (Video Explanation)By Scott WestlakeJuly 11, 20190 comments#preapproal #firsttimehomebuyer #FTHM #twt #thewestlaketeam #oakvillemortgage #gtamortgage A lot of people overlook the importance of a pre approval. Not everyone realizes a pre approval can lock in interest rates so that your ahead of the market if rates shift and may not be impacted. You also can get peace of mind knowing your pre qualified for a mortgage ...Read more...
20 Terms Homebuyers Need to KnowBy Scott WestlakeJuly 10, 20190 comments#keymortgageterms #mortgageterminology #buyingahome #firsttimehomebuyer #FTHB #twt #thewestlaketeam #scottwestlake #DLC A great article on some key terms homebuyers should know. Article originally posted by Kelly, from DLC. Please see full article credit at bottom of article... "Buying a home is one of the most important financial decisions you will make. It’s common for ...Read more...
First Time Home Buyer Mortgage GTABy Scott WestlakeMay 21, 20190 comments#FTHB #firsttimehomebuyer #oakvillemortgage #gtamortgage Check out one of our new commercials as seen on TV. Regardless if your a First Time Home Buyer in Oakville, where our head office is located, or around the GTA we have a team that can help secure your next mortgage! Don't take our word for it, see some of the reviews ...Read more...
Federal Budget 2019 - Actions for HomebuyersBy Scott WestlakeMarch 22, 20190 comments#federalbudget2019 #millenials #firsttimehomebuyer #FTHB #TWT #thewestlaketeam #scottwestlake There has been a mixed reviews on the recent Federal Announcement with regards to addressing affordability for home owners in Canada. Everything from excitement over the increased Maximum withdrawal from your RRSP to disappointment in the CMHC First Time Home Buyer Incentive. ...Read more...
First Home Buyer GuideBy Scott WestlakeMarch 16, 20190 comments#firsttimehomebuyer #firsttimehomebuyerguide #twt #thewestlaketeam #scottwestlake Genworth came out recently with a terrific digital version of their first time home buyer guide. The guide is 22 pages and one of the more comprehensive guides for first time home buyers. Its very comparable to our recent magazine that was distributed and focused on ...Read more...
Our House MagazineBy Scott WestlakeMarch 11, 20190 comments#ourhouse #mortgagemagazine #firstimehomebuyer #oakvillemortgagebrokerage #gtamortgage #lucuryfinance #buyingahome #myfirsthome #firstmortgage This past year our brokerage launched OUR HOUSE Magazine. The magazine is distributed quarterly with mortgage relevant information. For example, this last addition specifically focuses on First Time Buyers and provides a comprehensive guide on what you need to know when buying ...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...
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...
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...