The Importance of Speed In Today's Mortgage MarketBy Scott WestlakeSeptember 9, 20200 comments#mortgaegbroker #Speedintodaysmortgagemarket #twt #dlc #scottwestlake In today's real estate marketplace a great mortgage broker can be the difference between a real estate deal going through or not. Not just the mortgage approval, which is arguably just as important, but the speed in which a mortgage broker can pre qualify, pre approve and approve ...Read more...
Monthly Mortgage Newsletter - September 2020By Scott WestlakeSeptember 2, 20200 comments#monthlymortgagenewsletter #twt #dlc IN THIS ISSUE ...Read more...
Todd Duncan Mortgage Training with Dominion Lending Centres - The Westlake Team.By Scott WestlakeAugust 31, 20200 comments#mortgageagenttraining #toddduncan #mortgagetraining #twt #dlc #scottwestlake Hey Everyone, Below is communication from the CEO of Dominion Lending Centres Gary Mauris. If your on our team, don't worry, you are included in this training for free! I highly encourage everyone to attend. For prospective agents we are considering to join the ...Read more...
2020 Canadian Mortgage AwardsBy Scott WestlakeAugust 30, 20200 comments#canadianmortgageawards2020 #CMA2020 #Scottwestlake #twt #dlc Congratulations to all those nominated and winners at the 2020 Canadian Mortgage Awards. A Special shout out to my peers at Dominion Lending Centres that brought home some hardware, including yours truly, as Canadian Mortgage Broker of The Year - Private Mortgage Lending. There ...Read more...
The Importance of Choice When It Comes To Mortgage LendingBy Scott WestlakeAugust 27, 20200 comments#mortgageadvise #90lenders #bestrates #bestmortgageterms #scottwestlake #twt #dlc How long would it take for you to shop 90 stores to find the perfect couch? Now ask that same question about your mortgage. Did you know? Top Mortgage Brokers (like us) have access to over 90 lenders! This can be a real advantage to ensuring you, the client, receives ...Read more...
Mortgage Qualifying Rate Reduces to 4.79%By Scott WestlakeAugust 25, 20200 comments#qualifyingrate #mortgagerate #twt #dlc We realized that the recent decrease in mortgage qualifying rate did not post - so here it is! In order to find out how the current rate impacts you, we must first identify if you are an insured or uninsured borrower. Do you have less than 20% down? Securing ...Read more...
Canadian Housing Market Very Strong in JulyBy Scott WestlakeAugust 18, 20200 comments#julyhousingupdate #realestatenews #drsherrycooper #scottwestlake #twt #dlc Some great commentary from our Chief Economist Dr. Sherry Cooper. With a very hot housing market in July it is a good reminder of the importance of surrounding yourself with a great team when purchasing a home. The combination of a solid realtor, mortgage broker & lawyer ...Read more...
Monthly Mortgage Newsletter - August 2020By Scott WestlakeAugust 4, 20200 comments#monthlymortgagenewsletter #twt Summer is just around the corner and you know what that means! Vacation, vacation, vacation! If you have ever been interested in having your own vacation home (or even a second property), I have put together some great information below to get you started. For all ...Read more...
Financing A CottageBy Scott WestlakeAugust 4, 20200 comments#cottage #cottagemortgage #muskoka #haliburton #collingwood #georgianbay #twt #scottwestlake #dlc Its no surprise in recent months people in general, including clients of ours are looking for outside activities - and that includes spending time at the cottage and perhaps even looking to purchase a cottage. With a long weekend past us, many people spent time at their ...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...
New Partnership To Offer Instalment LoansBy Scott WestlakeJuly 24, 20200 comments#instalmentloan #mortgagebroker #twt #dlc We are excited to announce that we now have access to instalment loans for our clients and referral partners. We now have access to a Canadian online consumer lending platform designed for mortgage brokers and their clients. We can now offer Canadians quick and easy ...Read more...
Do You Know The Magic 3 When It Comes To Lenders???By Scott WestlakeJuly 22, 20200 comments#magic3 #mortgagelenders #twt #dlc Did you know there are 3 types of lenders for a mortgage: Banks, Credit Unions and Alternative Lenders, such as Monolines, Trust Companies and Private Institutions. Some of these lenders ONLY work with Mortgage Brokers. You need to explore all you mortgage options by contacting ...Read more...
Net Worth Mortgage LendingBy Scott WestlakeJuly 20, 20200 comments#highnetworthlending #affluentlending #nichmortgagelending #networthmortgagelending #twt #scottwestlake Not everyday new mortgage solutions are made available to mortgage brokers, mortgage customers and our referral partners - especially in light of covid-19. Over the past week another net worth mortgage lending program has been made available, and for a brokerage like ours, ...Read more...
Updated Contact DetailsBy Scott WestlakeJuly 3, 20200 comments#contactdetails #mortgagebroker #twt #dlc I hope everyone is having a terrific start to their summer! I've noticed a lot of emails, as of late, going to older email accounts we are slowly shutting down. I want to ensure you have our updated contact details, particularly the best email which is scott@thewestlaketeam.com If ...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 Solution For Vacant Residential Development SiteBy Scott WestlakeJune 23, 20200 comments#interaliamortgage #mortgagelending #mortgagebroker #landacquisition #constructionfinancing #twt #scottwestlake We recently funded a mortgage for some amazing clients that needed a creative solution. $1,890,000 1st Mortgage inter-alia 53% LTV Permanent Resident with foreign income and assets 7.35% Interest Rate 1% Set up fee Interest Only and open with 3 month interest Corporate ...Read more...