Monthly Mortgage Newsletter October 2020By 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 MortgageBy 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 InsuranceBy 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 AugustBy 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 RelationshipBy 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 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...