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...
How To Navigate A Mortgage RenewalBy Scott WestlakeFebruary 17, 20230 comments#mortgagerenewal #renewal #mortgagematurity Renewing your mortgage is an important financial decision that can have a significant impact on your future. When it comes to navigating mortgage renewals, there are several factors that you need to consider to ensure that you make the best decision for your financial situation. First ...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...
Renewing Your MortgageBy Scott WestlakeNovember 10, 20210 comments#renewingyourmortgage #mortgagerenewal #mortgagebroker #DLC #TWT #SW Did you know? Close to 70 percent of mortgages never make it to the end of their term! This means that, for a variety of reasons, homeowners are ending their mortgages early. However, that still leaves a solid 30 percent of home buyers who keep their mortgage until the term is up ...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...
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...
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...
Renewal Rate Shock & How To Handle It!By Scott WestlakeNovember 7, 20190 comments#mortgagerenewal #mortgagenews #mortgagerate #oakvillemortgagebroker #twt #thewestlaketeam #dlc Canadian Mortgage Trends posted an article this last week discussing mortgage renewals and the diminishing rate shock at renewal. Basically forecasting that the spread from a current fixed mortgage rate to a renewal rate may only be 10bps compared to the last few years in which ...Read more...
Transferring or Switching your MortgageBy Scott WestlakeFebruary 26, 20190 comments#switchmortgaeg #transfermortgage #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #refinancingmortgage #mortgagerenewal Transferring your mortgage or switching your mortgage from one lender to another is usually done in order to take advantage of a better rate or better terms. A transfer or switch is different then a refinance. A transfer/switch is when you don't add any money to the mortgage, ...Read more...