Title insurance for a new-build homes...By Scott WestlakeFebruary 28, 20230 comments#titleinsurance #FCT The housing supply shortage is one of the top issues in Canada’s real estate market. To address it, cities like Calgary are seeing a massive boom in new-build housing. New construction offers many advantages, like more energy-efficient heating and cooling systems. Their titles ...Read more...
How can homeowners protect themselves against title fraud?.By Scott WestlakeFebruary 10, 20230 comments#titelfraud #titleinsurance #fraud With news stories surrounding title fraud breaking weekly, more homeowners are asking what they can do to protect their homes before they become the next headline. Daniela DeTommaso, President of FCT, addressed the issue in a recent interview on CBC’s Metro ...Read more...
Insurance Products.By Scott WestlakeJune 23, 20220 comments#insurance #insuranceproducts #mortgageinsurance People don’t always want to talk about home insurance, but when it comes to your house there is no better investment than insurance. But, with the number of insurance products available, it can be hard to know where to start! While it can seem overwhelming, it’s a good ...Read more...
What is Title Insurance and Other Questions Answered!.By Scott WestlakeNovember 2, 20210 comments#titleinsurance #homeownerinsurance #twt #SW #DLC Title insurance can easily seem like another unnecessary add-on to the already complicated and costly process of buying a house, but nothing could be further from the truth. It can help speed up the process of closing on your new home, while protecting you and your heirs against a ...Read more...
Title insurance and Home Insurance: Do Homeowners Need Both?.By Scott WestlakeOctober 1, 20210 comments#titleinsurance #homeinsurance #insurance #SW #TWT #DLC It’s a common question and one that deserves a little context. Buying a home is an incredibly exciting event for any new homeowner, but with ownership of any property comes the need to protect it from a range of risks. These could include losses or damages to the home and fraudulent ...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...
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...