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...
Another Month, Another Dip in HousingBy Scott WestlakeDecember 15, 20220 comments#economicupdate #realestateprices Statistics released ...Read more...
A Heartfelt Thank YouBy Scott WestlakeDecember 15, 20220 comments#thankyou #givingthanks #referralpartners #givingback #community #love Dear clients, referral partners, community partnerships, friends, and family, As we come to the end of 2022, I wanted to take a moment to reflect on the year and to express my heartfelt gratitude for your support. It has truly been an interesting year in the world of real estate, ...Read more...
Why You Should Consider Using A Mortgage BrokerBy Scott WestlakeDecember 15, 20220 comments#firsttimebuyer #homebuying #whyuseamortgagebroker #mortgagebroker #buyinghome If you're considering a mortgage, you may be wondering whether you should use a mortgage broker to help you with your home loan. The short answer is: yes! Here are a few reasons why using a mortgage broker can be beneficial for homebuyers: A mortgage broker can save you ...Read more...
Advise For First Time Home BuyersBy Scott WestlakeDecember 15, 20220 comments#FTHB #firsttimehomebuyer #homebuyer #homebuying #interestrates First-time home buyers may be feeling a mix of excitement and anxiety as they begin the journey towards homeownership. There are many steps to the home buying process, and it can be overwhelming to think about all the things you need to consider and do. But don't worry! With a little ...Read more...
Recently Funded - Business for Self Mortgage $1.84M - Refinance - Variable Rate To Fixed RateBy Scott WestlakeMy PortfolioDecember 12, 20220 comments#recentlyfunded #businessforself #netincomeaftertax #businessincome #businessforselfmortgage #selemployedmortgage We recently funded a mortgage for a client of ours, for $1.84M. The client has a good equity position in their home and wanted to refinance their property. The clients business slows down over the holidays and early part of the winter and and wanted to firm up their payment ...Read more...
Financial Mistakes to Avoid in Today’s Economy.By Scott WestlakeDecember 12, 20220 comments#financialmistaketoavoid #financialmistakes #financialliteracy 2022 has been nothing but bad news financially for most Canadians. Our stock portfolios are worth a lot less, everything we buy costs more, and interest rates are making our mortgages and other loans a lot more expensive. More than ever it is time to tread carefully and avoid any ...Read more...
Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hikeBy Scott WestlakeDecember 7, 20220 comments#BNN #bloomberg #SW #DLC #interestrates #inflation Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada's 50bps hike. She says the central bank will need to see the labour market cool and that it will likely not pivot to rate cuts until 2024. Link to Dr. Sherry ...Read more...
The Bank of Canada Hiked Rates The Full 50 bpsBy Scott WestlakeDecember 7, 20220 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates The Governing Council of the Bank of Canada raised its ...Read more...
Welcome to the December issue of my monthly newsletter!By Scott WestlakeDecember 5, 20220 comments#monthlymortgagenewsletter #mortgagenews ...Read more...
Little Comfort for the Bank of Canada in Today's Jobs ReportBy Scott WestlakeDecember 5, 20220 comments#BoC #interestrate #variablerate #bankofcanada #mortgagerate #jobs Today's Labour Force Survey for November will do little ...Read more...
10 “Must Know” Credit Score Facts.By Scott WestlakeNovember 30, 20220 comments#creditreports #credit #creditrating #creditscore If you are in the market for a home or a new car, you are probably very familiar with your credit score. Lenders are one of the primary users of credit scores and it can have a huge impact on whether you get approved for a loan and just how much interest it is going to cost you. What ...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...
Facts About Using a Guarantor.By Scott WestlakeNovember 23, 20220 comments#guarantor #cosignor #mortgageadvise In the mortgage world, a “guarantor” is someone who guarantees the mortgage on behalf of the mortgage holder in the case that the mortgage holder cannot pay back the loan. Typically, a guarantor is used in a situation where the buyer has damaged or poor credit history ...Read more...
Rate Is Not EverythingBy Scott WestlakeNovember 21, 20220 comments#interestrate #whenhigherrateisbetter When it comes to getting a mortgage, there is a common misperception that a low rate is the most important factor. However, while your rate does matter for your mortgage, it is not the only component to consider. If you’re looking to get a mortgage, these are some other important ...Read more...
Bank of Canada Will Not Be Happy With This Inflation ReportBy Scott WestlakeNovember 16, 20220 comments#inflation #boc #interestrates Not only did the headline CPI inflation rate stall at ...Read more...