Unlocking Home Equity: The Benefits of a Reverse Mortgage vs a HELOC.By Scott WestlakeJune 9, 20230 comments#HELOC #reversemortgage Do you need help to meet your retirement income needs? With rising inflation, accessing sufficient cashflow for your desired lifestyle can be challenging. However, with over 70% of Canadians owning their homes, tapping into home equity can be the cashflow solution you need. Tapping ...Read more...
Recently Funded - HELOC - Mortgage & Line of CreditBy Scott WestlakeMy PortfolioJuly 27, 20210 comments#portfolio #recentlyfunded #HELOC #lineofcredit #SW #TWT #DLC TWT Recently funded $1.6M HELOC. A HELOC is a home equity line of credit. However, just because we put a HELOC in place doesn't, doesn't mean its all line of credit. In this particular circumstance our client qualified for a total limit of $1,600,000 in lending. ...Read more...
How To Support Your Family Without Jeopardizing Your RetirementBy Scott WestlakeOctober 22, 20200 comments#reversemortgage #homeequity #heloc #accessequity #equitymortgage #twt #scottwestlake According to a study by Finder.com 67.7% of Canadian parents assist their adult children financially. There are many reasons why our clients may need to help out a family member, however, its important that they do so without jeaprodizing their retirement. Below, we look at ...Read more...