Increasing Mortgage Rates Weighed Heavily On Housing In SeptemberBy Scott WestlakeOctober 16, 20230 comments#economy #mortgagerates #refinance #renewal #Purchase #boc Mortgage rates continued to rise in September after BoC tightening and one of the largest bond selloffs in history. Yields have retraced some of their rise more recently, but demand ...Read more...
July Headline Inflation Rose to 3.3%, But Core Inflation ImprovedBy Scott WestlakeAugust 16, 20230 comments#economy #mortgagerates #refinance #renewal #Purchase #boc The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely expected due to a base-year effect on gasoline ...Read more...
Recently Funded - Mortgage Renewal Success StoryBy Scott WestlakeMy PortfolioJuly 21, 20230 comments#recentlyfunded #mortgagerenewal #renewal #refinance #mortgagerefinance In the current financial landscape, with interest rates on the rise, many Canadians are facing the reality of increased borrowing costs. Amidst this changing environment, mortgage renewals have become a significant point of concern for homeowners. Previously overlooked, these renewals ...Read more...
Top 8 Questions About Reverse Mortgages.By Scott WestlakeApril 14, 20230 comments#reversemortgage #equitytakeout #refinance #CHIP 1. if i have an existing mortgage on the property, can i get a reverse mortgage? Not only is this the most common question regarding reverse mortgages, it is actually one of the most common uses for a reverse mortgage – to pay off the current mortgage and eliminate that payment ...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...
Post-Holiday Debt? Consolidate Today!.By Scott WestlakeJanuary 10, 20230 comments#debtconsolidation #debt #refinance If you're currently struggling with post-holiday debt, you're not alone. Many households find themselves in a similar situation after the season of giving. But, don't worry! There is a solution to help you simplify your payments and reduce them. Consolidating other forms of debt into ...Read more...
The Real Deal about Mortgage Transfers and Switches.By Scott WestlakeSeptember 30, 20220 comments#mortgagerenewal #mortgagetransfer #mortgagerefinance #mortgageswitch Most people who are thinking about a transfer or switch want to take advantage of a lower interest rate or to get a new mortgage product with terms that better suits their needs. Up for Renewal? If your mortgage is approaching renewal and you are considering a transfer or switch – ...Read more...
Refinancing Your Home.By Scott WestlakeJanuary 11, 20220 comments#mortgagerefinance #refinance #twt #SW #DLC One of the best parts about life is that it is ever-changing. This is one of the reasons that mortgages are available on short-term contracts (such as the standard 5-year) so that you can adjust your mortgage over time to best suit your needs. However, in some cases you cannot wait ...Read more...
What’s Next for your Home After a Separation?.By Scott WestlakeOctober 27, 20210 comments#seperation #divorce #spousalbuyout #SW #TWT #DLC #refinance Growing up, most people dream about living a fairytale with a wonderful partner and a life of bliss. Unfortunately, real life is not always a fairytale and not every relationship lasts forever. In fact, latest statistics show that 38 percent of all marriages in Canada end in divorce. ...Read more...
Recently Funded - Self Employed Mortgage Refinance $1.4MBy Scott WestlakeMy PortfolioMay 6, 20210 comments#fundedmortgage #recentlyfunded #portfolio #refinance #ETO #SW #TWT #DLC TWT Recently Funded a Mortgage Refinance for $1.4M for Self Employed Clients. Purpose of refinance was a combination of equity take out for home improvement & debt consolidation. Clients have built up significant equity but also accumulated unsecured debt. Clients ...Read more...
Your Mortgage Refinance Analyzer Is Here!By Scott WestlakeMarch 24, 20210 comments#mortgaegapp #refinance #renewal #twt #scottwestlake #dlc #MMT We are super excited to announce to our network, enhancements in our mortgage app/calculator - My Mortgage Toolbox https://www.dlcapp.ca/app/scott-westlake. We continue to provide an industry leading mortgage app and calculator, that anyone can download to help get pre qualified ...Read more...
Accessing Home Equity Without Having To Refinance Your MortgageBy Scott WestlakeSeptember 28, 20200 comments#mortgagerefinance #mortgageloan #privateloan #equityvisa #twt #scottwestlake In today's low rate market, it almost seems automatic that clients should be breaking their mortgage if looking to access equity in their home. With that being said, their are many times refinancing your mortgage doesn't necessarily make sense and we have some solutions so that you ...Read more...
You Can Now Apply For Your Mortgage Online!!!By Scott WestlakeJuly 29, 20200 comments#onlinemortage #mortgageapplication #mortgagenews #preapproval #renewal #refinance #purchase #twt #dlc #scottwestlake We have had the capability for a long time to take online applications but have been reluctant to introduce new technology into the mortgage origination process. We introduced a lot of technology to assist clients in the mortgage process and for our office to manage workflow and documentation ...Read more...
Easy NOA, CRA Docs & MoreBy Scott WestlakeJune 30, 20200 comments#easynoa #dlc #twt #mortgagebroker #refinance #renewal #mortgageapp #ourhousemagazine Our team loves when our brokerage (DLC) invests in technology and solutions to help our clients and referral sources. Its a huge competitive advantage we hold over the marketplace and position us better infont of our new and existing customers and referral sources. A couple examples ...Read more...
Mortgage Refinances & Mortgage Renewals - Time For a Financial Check UpBy Scott WestlakeJune 10, 20200 comments#mortgagerefinance #mortgagerenewal #oakvillemortgagebroker #scottwestlake #twt #dlc Now may be one of the better times to do a financial check up. Society has been shaken up, financial markets are volatile. Prime Lending Rate has decreased from 3.95% to 2.45%. Fixed rates have dropped, the benchmark qualifying rate has dropped & underwriting rules have ...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...
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...
Commentary On Our Current Market Conditions & How To Take Advantage Of Current Market Low Interest RatesBy Scott WestlakeMarch 13, 20200 comments#preapproval #ratechange #refinance #renewal #mortgagebroker #twt First off, on behalf of our entire team, we hope everyone is safe and healthy during a confusing time with the impact COVID-19 is having on the entire world. In relation to the impact on Canadian's Mortgages, we are now obtaining historical low interest rates for both fixed ...Read more...
10 Great Reasons to use a Mortgage BrokerBy Scott WestlakeFebruary 17, 20200 comments#10reasonstousemortgaegbroker #twt #thewestlaketeam #scottwestlake #mortgagebroker #realestate #luxurybroker #purchase #preapproval #refinance #construction #commercial #renewal Here are 10 great reasons why you should consider a Mortgage Broker for your next Mortgage! Be it purchase, refinance, renewal, residential, commercial, private or construction - here are 10 reasons why you need a Mortgage Broker in your corner. To connect with one of ...Read more...
Recent Mortgage - Refinance $640,000By Scott WestlakeJune 24, 20190 comments#refinance #mortgage #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam Backstory: Originally, the clients came to us to get pre-approved for a mortgage to buy a new home. After months of searching, reviewing their existing financing and speaking with a solid realtor that really took the clients considerations into heart, decided they could ...Read more...