28 - Blog - The Westlake Team

Get Pre Qualified for your next Mortgage in 60 seconds

By Scott WestlakeOctober 14, 20200 comments

#mortgageapp #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam #scottwestlake

What do all these people in our video have in common, and thousands of other happy Canadians? They have all downloaded My Mortgage Toolbox to help pre-qualify them for their home and more important obtain their home using our Mortgage Brokers. Try downloading our Free Mortgage ...Read more...

Monthly Mortgage Newsletter October 2020

By Scott WestlakeOctober 7, 20200 comments

#monthlymortgagenewsletter #mortgageadvise #twt #thewestlaketeam #Mortgagebrokerageh

Welcome to our monthly mortgage newsletter! On a monthly basis we try to update our clients and referral sources with market relevant information to help support whats happening in the world of mortgages & home ownership that might be relevant to you! This month we ...Read more...

Accessing Home Equity Without Having To Refinance Your Mortgage

By Scott WestlakeSeptember 28, 20200 comments

#mortgagerefinance #mortgageloan #privateloan #equityvisa #twt #scottwestlake

In today's low rate market, it almost seems automatic that clients should be breaking their mortgage if looking to access equity in their home. With that being said, their are many times refinancing your mortgage doesn't necessarily make sense and we have some solutions so that you ...Read more...

As of October, Realtors in Ontario can incorporate (finally).

By Scott WestlakeSeptember 24, 20200 comments

#MNP #TWT #DLC #scottwestlake #realestate #realtors #tax #incorporated

As of October, Realtors in Ontario can incorporate. One of our good friends is leading this initiative for MNP provincially. Here’s a brief fact sheet they developed. We are happy to connect any of our realtor partners that may have questions. We are also ...Read more...

PST on Default Mortgage Insurance

By Scott WestlakeSeptember 24, 20200 comments

#defaultinsurance #mortgagedefaultinsurance #firsttimebuyer #F #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise

Many buyers are not aware or prepared to pay the Sales Tax on the Mortgage Default Insurance Premium - this is when you’re putting less than 20% down payment on a purchase. This is also in addition to your down payment and other closing costs. Sales Tax in Ontario is 8% ...Read more...

Canadian Housing Market Sets Record Highs in August

By Scott WestlakeSeptember 16, 20200 comments

#drsherrycooper #augustrealestate #scottwestlake #twt #dlc

This article is from our Chief Economist, Dr. Sherry Cooper. Her commentary is on the red-hot summer housing market which continued in August as sales and new listings boom, pushing prices higher. As always, please connect with scott@thewestlaketeam.com or text/call 416-436-1135 ...Read more...

Benefits of an in-House Mortgage Broker Relationship

By Scott WestlakeSeptember 14, 20200 comments

#inhouserealtor #inhouse #mortgagesolutions #twt #dlc #scottwestlake

The Westlake Mortgage Team, Part of Dominion Lending Centres has many benefits to support our realtor partners, companies and referral sources with clients that require mortgage financing solutions. Our team can support any office that is looking to take advantage of an in ...Read more...

The Importance of Speed In Today's Mortgage Market

By 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...

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 Awards

By 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 Lending

By 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 July

By 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 2020

By 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 Cottage