Canadian Mortgage Award FinalistsBy Scott WestlakeMarch 4, 20210 comments#canadianmortgageawards #dominionlendingcentres #twt #dlc #scottwestlake #privatelending #mortgagebrokerawards Dominion Lending Centres has built an incredible network of mortgage brokers, owners and employees across Canada who have truly shown how hard work and dedication can make an impact. This is especially true for this years 2020 CMA Finalists. The Westlake Team, Part of Dominion ...Read more...
Monthly Mortgage Newsletter - March 2021By Scott WestlakeMarch 3, 20210 comments#mortgagemonthlynewsletter #newsletter #twt #scottwestlake #twt #dlc For information on working with Scott or The Westlake Team, Dominion Lending Centres, please email scott@thewestlaketeam.com or call/text 416-436-1135 ...Read more...
Lock In Mortgage Rates Now - 5 Year Bond Yield Surges!By Scott WestlakeFebruary 27, 20210 comments#bondyields #mortgagerates #twt To lock in an interest rate or get pre approved, email scott@thewestlaketeam.com or complete our secure application online https://velocity.newton.ca/sso/public.php?sc=13u98ppz2wdfk - we will get a notification and reach out to connect on next steps! ...Read more...
Longer-Term Yields are Rising Despite Central Bank InactionBy Scott WestlakeFebruary 24, 20210 comments#bond #yields #interestrate #mortgagenews #twt #dlc #scottwestlake For more information on how this information affects your current or future mortgage, please email scott@thewestlaketeam.com While central banks hold overnight rates ...Read more...
Equipment Leasing Now Available!By Scott WestlakeFebruary 23, 20210 comments#equipmentleasing #equipmentlease #easylease #twt #DLC #scottwestlake As a mortgage brokerage always striving to add more value to our clients and referral sources, we are excited to announce our collaboration with Easylease. For more information on equipment leasing or to apply, email: scott@thewestlaketeam.com EasyLease is ...Read more...
Million Dollar MortgagesBy Scott WestlakeFebruary 22, 20210 comments#milliondollarmortgage #networthlending #businessforself #scottwestlake #twt There has been a lot of media attention to the increase in real estate value to start 2021, and in turn, more conversations about million dollar mortgages or more specifically, the increase in the average size of mortgage. With limited real estate supply in certain markets ...Read more...
Canadian Home Sales Hit An All-Time Record High in JanuaryBy Scott WestlakeFebruary 17, 20210 comments#marketnews #economist #twt #dlc #drcooper For more information or to connect with our team to help with your next mortgage --> purchase, refinance, renewal, private, construction etc email scott@thewestlaketeam.com ...Read more...
Mortgage Awards of ExcellenceBy Scott WestlakeFebruary 16, 20210 comments#awards #dlc #twt #mortgageawardsofexcellence On behalf of The Westlake Team, I want to congratulate our Brokerage, Dominion Lending Centres - along with their amazing staff (team) and fellow franchise owners and agents on an award that makes our franchise very proud - National Network of The Year! I keep telling our referral ...Read more...
How To Compete In Sellers MarketBy Scott WestlakeFebruary 11, 20210 commentsIn certain markets, its is very obvious there is limited inventory causing a very competitive market for buyers. When asked how we can help, here is our advise:1. Get Pre Approved. In these markets we emphasize the importance of a fully underwritten pre approval. ...Read more...
What Does Canada’s Aging Population Mean for the Real Estate Market?By Scott WestlakeFebruary 8, 20210 comments#agingpopulation #realestate #mortgagebroker #mortgageinfo #scottwestlake #twt I’ve got good news and bad news. The bad news is: we’re not getting any younger. The good news is: we’re not going away anytime soon, either, as life expectancy for Canadians is higher than ever before! At least, I think that’s good news—check ...Read more...
Feb 2021 Monthly Mortgage Newsletter - Selling Your Home In The Winter!By Scott WestlakeFebruary 3, 20210 comments#monthlymortgagenewsletter #newsletter #mortgaegnews #twt #dlc #scottwestlake #mortgagebroker IN THIS ISSUE ...Read more...
What Are The 6 Most Important Questions To Ask Before A Home Renovation?By Scott WestlakeFebruary 1, 20210 comments#homerenovation #homereno #renovationmortgage #mortgaegbroker #scottwestlake #twt 7 Important Questions to Ask Before a Big Home Renovation. So you want to make a major home renovation. Congratulations! Now, you’ve got to find the right contractor for the job. While doing a thorough online search or asking family and friends is an important first step, once ...Read more...
How Much Do You Really Know About Reverse Mortgages?By Scott WestlakeJanuary 29, 20210 comments#reversemortgage #nopaymentmortgage #twt #scottwestlake #dlc How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. Maybe you know that tens of thousands of Canadians are using a reverse mortgage as part of their financial plan. But did you ...Read more...
What Will The Real Estate Industry Look Like In 2021?By Scott WestlakeJanuary 26, 20210 comments#2021 #marketpredictions #twt #dlc #scottwestlake What will the real estate industry look like in 2021?. If there is one word that defines life in 2021, that word is change. How much and for how long is uncertain. And while some changes may be temporary, many may be here to stay. How will all of this change impact the real estate ...Read more...
Bank of Canada Still Expects No Rate Increases Until 2023By Scott WestlakeJanuary 22, 20210 comments#boc #rateupdate #twt #dlc The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across ...Read more...
Residential Construction Financing - Programs Available & How To ApplyBy Scott WestlakeJanuary 20, 20210 comments#constructionmortgage #constructionfinancing #selfbuild #specbuild #twt #scottwestlake Construction Mortgage Programs Available Bank Mortgage -Bank mortgages are available for clients looking to build their principal residence. -You need to be able to debt service the mortgage -You will have a fixed draw schedule -Depending on the size and scope of the ...Read more...