Good News on the Inflation Front in DecemberBy Scott WestlakeJanuary 18, 20230 comments#monetarytightening #boc #mortgagerates #inflation #CPI #sherrycooper The Consumer Price ...Read more...
OSFI Is At It AgainBy Scott WestlakeJanuary 17, 20230 comments#OFSI #mortgagerules #newmortgagerules Late last week, the Office of the Superintendent for Financial Institutions (OSFI) announced it was concerned about the risks associated with the large and rising number of highly ...Read more...
December Housing Data Ended 2022 On A Weak NoteBy Scott WestlakeJanuary 16, 20230 comments#CPI #economicupdate #rates #drsherrycopper #economy #employment Statistics released ...Read more...
Construction Financing For End Users...By Scott WestlakeJanuary 15, 20230 comments#constructionfinancing #tarion #buildermortgge #building #construction Construction Financing: Your Guide to Building Your Dream Home Are you ready to build your dream home? One of the most important steps in the process is securing construction financing. This type of financing is different from a traditional mortgage and can seem daunting for first-time ...Read more...
As of January 1, 2023, there are three significant laws related to real estate that everyone should be aware of and understand.By Scott WestlakeJanuary 13, 20230 comments#newrealestatelaws #realestatelaw The below is a summary from information shared from Kormans (https://www.kormans.ca/three-new-laws-in-2023/) on 3 significant laws related to real estate, everyone should know. Link to original source at bottom of review. Canada's new rules to prevent flipping of residential ...Read more...
Why Now Might Be A Good Time To Consider A Reverse MortgageBy Scott WestlakeJanuary 10, 20230 comments#reversemortgage #CHIPmortgage #EQBmortgage #nomortgagepayment #seniormortgage A reverse mortgage can provide a number of benefits for senior homeowners. These loans allow homeowners who are 55 or older to tap into the equity they have built up in their home, without having to sell their property or make monthly mortgage payments. Instead, the loan is repaid ...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...
2023 Awards & Charitable InitiativesBy Scott WestlakeAwardsJanuary 9, 20230 comments#awards #charity Read more...
Employment Report Ended 2022 With A BoomBy Scott WestlakeJanuary 9, 20230 comments#employment #CPI #rates #mortgagerate #drsherrycooper Today's Labour Force Survey for December was much stronger ...Read more...
Monthly Mortgage Newsletter - January 2023!By Scott WestlakeJanuary 2, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter Welcome to the January ...Read more...
New Year Resolutions for Your Home.By Scott WestlakeJanuary 2, 20230 comments#homeresolution #newyearresolution New Year Resolutions for Your Home. Your finances aren’t the only thing that has room for new resolutions in 2023! Consider these great ideas to make your home feel brand new come January: Purge Your Space While most people think about purging when Spring comes around, the end ...Read more...
Cayman Marshall Magazine - Scott Westlake Joins FC FundingBy Scott WestlakeDecember 29, 20220 comments#SW #FC #DLC Information on the transition Scott Westlake & The Westlake Team made to FC Funding. Read more...
Info on Foreign Buyer Ban on Residential PropertiesBy Scott WestlakeDecember 29, 20220 comments#buyerban #foriegnbuyerban #mortgageageadvise As of January 1, 2023, Canada will implement a foreign buyer ban in an effort to address housing affordability and supply issues. This ban will restrict non-Canadian citizens and non-permanent residents from purchasing certain types of residential properties in certain regions of ...Read more...
The Bank of Canada Won't Like This Inflation ReportBy Scott WestlakeDecember 23, 20220 comments#boc #inflation #interestrates November's CPI inflation rate fell only one tick to 6.8%, ...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...
98 Reviews!!!By Scott WestlakeDecember 19, 20220 comments#reviews #review #mortgagereview #mortgagetestimonial #Testimonial In 2022 we set out to start asking clients for mortgage reviews. Its something we wished we started earlier not knowing the positive impact they would have on future clients wanting to consider our services and potential new referral sources. Even with a late start, we are thrilled ...Read more...