How Property Types Are Underwritten When Applying For A MortgageBy Scott WestlakeNovember 4, 20200 comments#propertytype #property #mortgaegdvise #twt #scottwestlake It’s All About The Property. When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the ...Read more...
Sagen 2020 HOMEOWNERSHIP & FINACNIAL FITNESS STUDYBy Scott WestlakeNovember 2, 20200 comments#sagen #genworth #canadiansurvey #mortgageadvise #mortgagesurvey #twt #scottwestlake Prior to COVID-19, Canadians and Canadian homeowners were showing their strongest financial fitness to date. Social isolation, job loss, remote work and other sacrifices resulted in a decline on Canadians’ financial fitness overall, but by less than it certainly would have been ...Read more...
Bank of Canada Will Stop Buying Canada Mortgage BondsBy Scott WestlakeOctober 27, 20200 comments#bankofcanada #boc #canadamortgagebonds #twt #scottwestlake #drsherrycooper This Wednesday, the Bank of Canada will release its interest rate announcement and the October Monetary Policy Report. Most people expect the overnight rate ...Read more...
How To Support Your Family Without Jeopardizing Your RetirementBy Scott WestlakeOctober 22, 20200 comments#reversemortgage #homeequity #heloc #accessequity #equitymortgage #twt #scottwestlake According to a study by Finder.com 67.7% of Canadian parents assist their adult children financially. There are many reasons why our clients may need to help out a family member, however, its important that they do so without jeaprodizing their retirement. Below, we look at ...Read more...
How To Support Your Family Without Jeopardizing Your RetirementBy Scott WestlakeOctober 22, 20200 comments According to a study by Finder.com, 67.7% of Canadian parents assist their adult children financially. There are many reasons why your clients may need to help out a family member, however, it's important that they do so without jeopardizing ...Read more...
Mortgage Brokers Have More AccessBy Scott WestlakeOctober 21, 20200 comments#access #choice #mortgagerates #mortgageterms #twt #scottwestlake #topbrokerage When I joined the Mortgage Broker industry, my main reason was access! More access for my customers. More access for my referral sources. Options and choice is power when negotiating a Mortgage. We have had unprecedented changes in terms of underwriting mortgages ...Read more...
Get Pre Qualified for your next Mortgage in 60 secondsBy 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 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...