Welcome to the December issue of my monthly newsletter!By Scott WestlakeDecember 5, 20220 comments#monthlymortgagenewsletter #mortgagenews ...Read more...
Monthly Mortgage Newsletter - November 2022!By Scott WestlakeNovember 1, 20220 comments#monthlymortgagenewsletter #mortgagenews Welcome to the November ...Read more...
Monthly Mortgage Newsletter September 2021By Scott WestlakeSeptember 6, 20220 comments#monthlymortgagenewsletter #mortgagenews Welcome to the September ...Read more...
Monthly Mortgage Newsletter - April 2021By Scott WestlakeApril 7, 20210 comments#monthlymortgagenewsletter #mortgagenews #twt #scottwestlake #dlc For more information on working with Scott Westlake, one of our agents or joining our team, email scott@thewestlaketeam.com or text 416-436-1135 ...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...
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...
Welcome To The June 2020 Issue Of Our Mortgage NewsletterBy Scott WestlakeJune 3, 20200 comments#monthlymortgagenewsletter #mortgagenesletter #mortgageadvise #mortgagenews #twt #dlc #scottwestlake Summer is just around the corner and we have some great articles for you this month! We have compiled some helpful tips on what you need to know BEFORE you start house-hunting, as well as why getting pre-approved matters. Plus, We have included some fun tips on staying cool and saving ...Read more...
State Of The RateBy Scott WestlakeApril 6, 20200 comments#stateoftherate #mortgagenews #realestatenews #twt #dlc The change, which will take effect April 6, 2020, means borrowers with insured mortgages (typically those with less than 20% equity) will need to prove they can afford monthly mortgage payment based on a rate equal to the weekly median 5-year fixed insured mortgage rate plus ...Read more...
Virtual Mortgage AssessmentBy Scott WestlakeApril 3, 20200 comments#mortgageadvise #mortgagenews #whattodowithmortgage #mortgagerefinance #mortgagerenewal #privatelending #privatemortgage #purchase #twt #dlc #covid19 We are very proud of how quickly our industry has adapted to change. Our brokerage at Dominion Lending Centres put up one of the better websites with resources for homeowners savings questions pertaining to finances and the impact of COVID-19 https://dominionlending.ca/covid-19/ Our ...Read more...
COVID-19 Updates & What Homeowners Need To KnowBy Scott WestlakeMarch 30, 20200 comments#mortgageadvise #mortgagenews #whattodowithmortgage #twt #dlc #covid19 At The Westlake Team (TWT) & Dominion Lending Centres, we are deeply concerned about the Coronavirus – and we know you are too. Our thoughts and prayers go out to all the families and front line workers that are dealing with this around the world. We recognize that many ...Read more...
What You Should Do With Your Mortgage In Todays MarketBy Scott WestlakeMarch 30, 20200 comments#mortgageadvise #mortgagenews #whattodowithmortgage #twt #dlc #covid19 In today's volatile market a common question from clients and referral sources alike is what their clients should be doing in todays market with their mortgage. We break down the different mortgages you may have and what industry professionals are recommenting. Existing ...Read more...
Brokerage Awards!By Scott WestlakeMarch 6, 20200 comments#mortgageawards #mortgagebroker #mortgagenews #twt #dlc Dominion Lending Centres has built an incredible network of mortgage brokers, owners, and employees across Canada that have truly shown how hard work and dedication can make an impact. At DLC our passion is our people. We strive to give our mortgage brokers the best possible ...Read more...
What the Bank of Canada recent rate announcement means to buyersBy Scott WestlakeJanuary 23, 20200 comments#rateannouncement #mortgagebroker #mortgagepreapproval #twt #dlc #thewestlaketeam #mortgagenews #realestatenews The Bank of Canada maintained its target for the overnight rate of 1.75% for the tenth consecutive time. Demand remains robust in Quebec because of their strong labour market and in Ontario and British Columbia population growth is boosting housing demand. With no change ...Read more...
Renewal Rate Shock & How To Handle It!By Scott WestlakeNovember 7, 20190 comments#mortgagerenewal #mortgagenews #mortgagerate #oakvillemortgagebroker #twt #thewestlaketeam #dlc Canadian Mortgage Trends posted an article this last week discussing mortgage renewals and the diminishing rate shock at renewal. Basically forecasting that the spread from a current fixed mortgage rate to a renewal rate may only be 10bps compared to the last few years in which ...Read more...
What the election results mean for your mortgageBy Scott WestlakeOctober 24, 20190 comments#electionandmortgage #liberalmortgage #mortgagenews #twt #thewestlaketeam #dlc Some insights from one of our peers at DLC on what the Liberal win means to your mortgage. As always, feel free to reach out if we can help: scott@thewestlaketeam.com "What the liberal win means for your mortgage: 1. We will see the continuation of the First Time Home Buyers’ ...Read more...
September Data Confirm That Housing Is in Full ReboundBy Scott WestlakeOctober 16, 20190 comments#economicupdate #realestateupdate #drsherrycooper #dlc #twt #thewestlaketeam #mortgagenews Great article by our Chief Economic Officer Dr. Sherry Cooper: "Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the seventh consecutive month. Activity rose another 0.6% month-over-month in September to 512,000 units ...Read more...