What is Alternative Lending?.By Scott WestlakeJuly 12, 20230 comments#alternativelending #privatelending #businessforself #nichelending When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box ...Read more...
4 Key Things to Know about a Second Mortgage.By Scott WestlakeFebruary 1, 20230 comments#secondmortgage #privatelending #homeequity #refinance A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such ...Read more...
Recently Funded - $2M Readvanceable Equity Loan + $1M Acquisition CapitalBy Scott WestlakeJanuary 24, 20230 comments#investment #realesateinvestor #privatelending #privatecapital Recently, we were able to provide funding for two mortgages for one of our real estate investor clients. As a full-time investor, our client was facing challenges with debt servicing and liquidity, which was hindering their ability to take advantage of opportunities in the current ...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...
Commercial Mortgage TeamBy Scott WestlakeNovember 24, 20220 comments#commercialmortgage #commerciallending Commercial Mortgages Commercial projects can range from apartment buildings, shopping centres, office buildings and industrial properties. We have a team of experts to handle all types of loans ranging from construction financing to term loans. While you can get a commercial mortgage ...Read more...
How Bridge Financing Works.By Scott WestlakeJune 10, 20220 comments#bridgeloan #shorttermloan #privatelending In life, things rarely go as planned. This is especially true when it comes to real estate! When it comes to buying a new home, in a perfect world, most of us would like to take possession of their new residence before having to move out of the old one. This makes moving a lot easier ...Read more...
Alternative MortgagesBy Scott WestlakeOctober 25, 20210 comments#credit #alternativemortage #alternativelending #privatelending #DLC #SW #TWT If you love the content we provide, you can subscribe to our mailing list: https://lp.constantcontactpages.com/%20su/lkc6q9O There’s Always an Alternative. When it comes down to getting approved for a mortgage, there are a lot of factors and not everyone will ...Read more...
Recently Funded - Luxury Condo - Net Worth Lending ProgramBy Scott WestlakeMy PortfolioApril 30, 20210 comments#networthmortgage #highnetworthmortgage #networthlending #SW #TWT TWT Recently Funded a Residential Mortgage for a luxury condominium in Toronto. -$2,500,000 Mortgage -Roughly 73% loan to value (LTV) -Sub 2% interest rate -No set up fee TWT used a Net Worth Program to help approve the mortgage. Net Worth Mortgages allow clients to ...Read more...
Canadian Mortgage Award FinalistsBy Scott WestlakeMarch 4, 20210 comments#canadianmortgageawards #dominionlendingcentres #twt #dlc #scottwestlake #privatelending #mortgagebrokerawards Dominion Lending Centres has built an incredible network of mortgage brokers, owners and employees across Canada who have truly shown how hard work and dedication can make an impact. This is especially true for this years 2020 CMA Finalists. The Westlake Team, Part of Dominion ...Read more...
Million Dollar MortgagesBy Scott WestlakeFebruary 22, 20210 comments#milliondollarmortgage #networthlending #businessforself #scottwestlake #twt There has been a lot of media attention to the increase in real estate value to start 2021, and in turn, more conversations about million dollar mortgages or more specifically, the increase in the average size of mortgage. With limited real estate supply in certain markets ...Read more...
TWT/DLC Commercial MortgagesBy Scott WestlakeJanuary 13, 20210 comments#commercialmortgage #commerciallending #TWTcommercial #dlccommercial #scottwestlake #commercialbrokerage Most of our clients and referral sources know our team for our residential mortgages. However, in the last 24 months we have grown dramatically in the commercial sector. Between the access our brokerage provides, being one of the largest National Brokerages - funding North ...Read more...
Scott Westlake & TWT in Invidiata Home & Lifestyle Winter 2020/21 MagazineBy Scott WestlakeNovember 30, 20200 comments#mortgagebroker #invidiatamagazine #highnetworthlending #scottwestlake #twt #DLC We are happy to provide the link the Invidiata Home & Lifestyle Winter 2020/21 Magazine: https://preferredpublishing.ca/magazines/invidiata-homes-lifestyle-winter-2020-21/ Our recent communication provides some great insight on the importance of working with a great ...Read more...
Net Worth Mortgage LendingBy Scott WestlakeJuly 20, 20200 comments#highnetworthlending #affluentlending #nichmortgagelending #networthmortgagelending #twt #scottwestlake Not everyday new mortgage solutions are made available to mortgage brokers, mortgage customers and our referral partners - especially in light of covid-19. Over the past week another net worth mortgage lending program has been made available, and for a brokerage like ours, ...Read more...
Mortgage Solution For Vacant Residential Development SiteBy Scott WestlakeJune 23, 20200 comments#interaliamortgage #mortgagelending #mortgagebroker #landacquisition #constructionfinancing #twt #scottwestlake We recently funded a mortgage for some amazing clients that needed a creative solution. $1,890,000 1st Mortgage inter-alia 53% LTV Permanent Resident with foreign income and assets 7.35% Interest Rate 1% Set up fee Interest Only and open with 3 month interest Corporate ...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...
Top Brokers!By Scott WestlakeMarch 7, 20200 comments#mortgagebroker #mortagebrokeraward #topbroker #oakvillebroker #constructionfinancing #privatelending Thanks for the award DLC! 2019 was a fun year getting back into brokering. A year back I wasn't sure I was going to continue brokering. Lots of opportunities have been thrown at me as an active Entrepreneur and I continually hit crossroads. I ...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 Launching Commercial Team in 2020!By Scott WestlakeNovember 7, 20190 comments#commercialbroker #commerciallending #commercialmortgage #twtcommercial #thewestlaketeamcommerciallending #oakvillemortgage Over the past year TWT has made tremendous strides in obtaining commercial mortgage opportunities. The number of commercial brokers on the team has increased, the origination volume has increased and the relationships with lenders has dramatically increased. TWT hasn't ...Read more...
Pumpkin Giveaway - Sat Oct 5, 2pm - 4pm Norton Park.By Scott WestlakeOctober 1, 20190 comments#pumpkingiveaway #theinvidiatateam #thewestlaketeam #bradburn #twt #realestate #mortgagelending #mortgagebrokerburlington This Saturday October 5, 2019, from 2pm to 4pm The Invidita Team, along with Bradburn Group of Companies and The Westlake Team, DLC National welcome you to Norton Park (3035 Tim Dobbie Dr, Burlington - Across from Haber Recreation Centre) for some Halloween fun (Family Photo Shoot, ...Read more...
Oakville Mortgage BrokerBy Scott WestlakeAugust 12, 20190 comments#magazine #oakvillemortgagebroker #lending #oakville #muskoka #niagara #twt #thewestlaketeam Let us know how our team can help. We are an Oakville Mortgage Brokerage with agents that extend from Niagara to Muskoka with the majority being based out of Oakville and the GTA. We recently launch a quarterly magazine to help our clients and referral sources obtain ...Read more...
Types of Commercial MortgagesBy Scott WestlakeJune 28, 20190 comments#commercialmortgage #commerciallending #twt #thewestlaketeam OUR TEAM IS ALWAYS LOOKING FOR INNOVATIVE WAYS TO MINIMIZE THE COST OF FUNDS AND MEET OTHER UNIQUE NEEDS OF THE BORROWER SUCH AS LIMITED GUARANTEES, FUNDING PRIOR TO LEASE-UP AND THE FIXING OF INTEREST RATES PRIOR TO THE COMPLETION OF DEVELOPMENT PROJECTS. CMHC INSURED ...Read more...
Equipment LeasingBy Scott WestlakeMarch 29, 20190 comments#equipmentleasing #commerciallending Our clients for years know our residential lending platform. Access to multiple lenders, terrific rates and the ability to help with purchases, refinances and renewals. More recently, we have invested in niche programs like our agent training platform, construction financing, ...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...
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...
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...
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...
Niche Mortgage Lending Solutions in Toronto, Oakville and rest of GTABy Scott WestlakeDecember 13, 20181 comments#niche #lenders #toronto #mortgages #construction #landacquistion #affluentlending #luxuryrealestate #mortgagesolutions #nichelending #thewestlaketesm #scottwestlake #mortgagebroker #bank #creditunion Niche Mortgage Lenders in Toronto Over the past few years, Niche lending solutions have become very popular. We define niche lenders as solution providers in the mortgage lending space that offer more unique solutions that what is considered the norm. For example, there ...Read more...
Gap Funding Solutions for Real Estate in TorontoBy Scott WestlakeDecember 12, 20181 comments#gap #funding #realestate #toronto #gta #lending #lenders #private #bridgeloan #thewestlaketeam #scottwestlake #privatelending #realestate #demandloan #bank #privatelending #oakville #toronto #GTA Gap Funding Lenders for Real Estate in Toronto, Oakville & GTA We define Gap financing as a non-traditional lending solution, when the client purchases a property and has not sold their existing home and cannot qualify to carry both mortgages. This is different ...Read more...
Non Traditional Mortgage Financing Toronto, Oakville & GTABy Scott WestlakeDecember 11, 20181 comments#mortgages #gta #lenders #nontraditionallending #bank #creditunion #oakvillemortgage #bestmortgagerates #thewestlaketeam #scottwestlake #lending #trustcompany #lendingsolutions #mortgage Non Traditional Mortgage Financing GTA Non Traditional Lending Solutions are becoming necessary. Between government intervention & lender policy change, clients are turning to mortgage agents/brokers for solutions. Not all clients understand the recent mortgage changes ...Read more...