Construction Financing Oakville & GTABy Scott WestlakeFebruary 26, 20190 comments#constructionfinancing #constructionfinancingoakville #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #constructionmortgage There are two types of homes we get a lot of inquires about financing when it comes to construction. Building a home to live in as your principal residence and building a home to sell for investment purposes. When building a home to live in we have numerous lenders that ...Read more...
Minimum Down Payment RequirementsBy Scott WestlakeFebruary 22, 20190 comments#preapproval #downpayment #downpaymentoptions #minimumdownpaymentoptions #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #torontomortgage #luxuryrealestate Explanation of minimum down payment requirements: Purchase price between $1 - $500,000 = 5% minimum down payment Example - a purchase price of $400,000 is a minimum down payment of $20,000 Purchase price between $500,000 - $999,999 = Blended down payment The ...Read more...
Mortgage Document ChecklistBy Scott WestlakeFebruary 20, 20190 comments#mortgagedocumentchecklist #mortgaechecklist #twt #thewestlaketeam #twt #scottwestlake #oakvillemortgagebroker #mortgageoakville #gtamortgage #mortgageadvise #lucuryrealestate When applying for a mortgage or even better, when doing the pre-approval its crucial from an underwriting perspective to understand the buyers income. We have created multiple checklists to help clients understand whats required: Our checklist outlines what clients should ...Read more...
Canadian Mortgage Professionals 2019 Hot ListBy Scott WestlakeFebruary 18, 20190 comments#hotlist #CMPhotlist #scottwestlake #twt #thewestlaketeam #oakvillemortgagebroker #mortgagebrokergta #mortgageadvise #luxuryrealestate Each year Canadian Mortgage Professional (CMP) accepts nominations for their "HOT LIST." They commented on this group by saying, "despite a challenging year for the broker channel, these 40 mortgage professionals managed to set the industry on fire." I am proud to say the someone ...Read more...
How To Know When You Are Ready To Buy A HouseBy Scott WestlakeFebruary 18, 20190 comments#ishomeownershiprightforyou #areyoureadytobuy #preapproval #mortgagebrokeroakville #mortgagebrokertoronto #twt #thewestlaketeam #scottwestlake #mortgageadvise #oakvllemortgagebroker Signs you are ready to buy a house! 1. You have enough for your down payment -The minimum down payment to purchase a home in Canada is 5% and this should be a natural starting point. Being able to save for the down payment shows the discipline needed for home ownership ...Read more...
Top 35 under 35By Scott WestlakeFebruary 7, 20190 comments#top35under35 #top35mortgagebrokers #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #burlingtonmortgagebroker #bestmortgagebroker #luxuryrealestate #financingluxuryrealestate I recently came across and article (below) I forgot was written. Back in 2016 I was thrilled to be nominated and awarded as on of the TOP 35 Mortgage Brokers under the age of 35. The reason this meant a lot to me, is I entered the market fairly young - in my mid 20's after finishing ...Read more...
How To Finance Luxury Real EstateBy Scott WestlakeFebruary 7, 20190 comments#luxuryrealestate #financingluxuryrealestate #jumbomortgage #largemortgageoakville #luxuryfinancing #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #bestoakvillemortgagebroker When Financing Luxury Real Estate its important to work with a team that has experience working similar files, especially if the mortgage amount is getting North of $1mil. We get a lot of calls from Private Bankers, Wealth Managers, Top Performing Realtors, Lawyers and even ...Read more...
Q & N with Scott Westlake on MortgagesBy Scott WestlakeFebruary 6, 20191 comments#mortgageadvise #scottwestlake #twt #thewestlaketeam #bestoakvillemortgagebroker #torontomortgagebroker #oakvillemortgage #burlingtonmortgage #bestmortgagebroker #luxuryrealestate #luxuryfinancing 1. How do I get the best rate 2. How long does it take to get pre-approved 3. What documents are needed for a mortgage 4. Do you like brokering better than being a banker 5. ...Answer1. Just ask. We constantly are finding the best rates for our clients. I just like to emphasize the importance in finding the best rates for YOU. We have a free mortgage app that publishes ...Read more...
Mortgage Affordability CalculatorBy Scott WestlakeFebruary 6, 20190 comments#mortgagecalculator #calculator #mortgageapp #thewestlaketeam #scottwestlake #oakvillemortgagecalculator #torontomortgagecaluclator #mortgagecalculatorontario #mortgagecalculatoraffordability A lot of clients are curious how much mortgage they qualify but might not yet be ready for a pre-approval. Wen know that when we do a pre-approval we need to check credit, ideally have income confirmation and run the numbers based on the new stress test to come up with an "official" ...Read more...
How To Get The Best Mortgage RateBy Scott WestlakeFebruary 6, 20190 comments#bestmortgagerate #mortgagerate #bestmortgagerateoakville #bestmortgagerategta #bestmortgageratetoronto #twt #thewestlaketeam #scottwestlake #bestmortgage #lowestmortgagerate #lowmortgagerateoakville Its not a surprise searching for the Best Mortgage Rate is always going to be a popular topic. Its a top search term in google, there are rate sites specifically positioned to promote the lowest rates and to be honest, who doesn't want the best interest rate?! Even though ...Read more...
Reverse Mortgage Oakville & GTABy Scott WestlakeFebruary 5, 20191 comments#reversemortgage #reversemortgageoakville #oakvillereversemortgage #thewestlaketeam #twt #scottwestlake #reversemortgagegta #CHIP #chipmortgage #patch #pathmortgage 1. What is a Reverse Mortgage 2. Eligibility for Reverse Mortgage 3. Qualifying for a Reverse Mortgage 4. Repaying the money you borrow 5. Cost to get a Reverse Mortgage 6. ...Answer1. A reverse mortgage is solution for home owners 55 years and older that want to access equity from their home without having to sell it. For clients that may not have the income to qualify from ...Read more...
February 2019 Mortgage NewsletterBy Scott WestlakeFebruary 5, 20190 comments#mortgageadvise #luxuryrealestate #oakvillemortgagebroker #burlingtonmortgagebroker #twt #thewestlaketeam #scottwestlake #homeowners #alternativelending #alternative #mortgage #mortgageadvise This February we touch on the ABC's of Alternative Lending and the idea of if "we" are qualified to help qualify you for a mortgage. We also provide a homeowners tip on insurance and provide some additional information on who is DLC along with who is The Westlake Team if you ...Read more...
February 2019 Mortgage NewsletterBy Scott WestlakeFebruary 5, 20190 comments https://www2.mambonetcom.com/cgi-bin/social/show.pl?cid=9589&sid=S1161&v=1549372207962 Read more...
Jumbo MortgageBy Scott WestlakeJanuary 30, 20191 comments#jumbomortgage #luxuryrealestate #jumbomortgageoakville #luxuryrealestateoakville #twt #thewestlaketeam #scottwestlake #financingluxury #largemortgage #jumbomortgageoakville #jumbomortgagegta The Westlake Team recently connected with multiple lenders to discuss Jumbo Mortgage Solutions. As a Mortgage Team that finances a lot of luxury real estate, its natural that many requests come in for large mortgages. Depending on circumstances, traditional "Jumbo Mortgage" ...Read more...
Commercial Mortgage Oakville, GTABy Scott WestlakeJanuary 30, 20190 comments#oakvillecommercialmortgage #commercialmortgage #thewestlaketeam #twt #scottwestlake #commerciallendingoakville #commerciallending #commercialmortgage #commercialmortgagetoronto #mortgageadvise Commercial Lending is one of our fasting growing verticals within The Westlake Team. Similar to our Residential vertical, we have built significant relationships with Banks, Credit Unions, Trust Companies, Insurance Companies and Private Capital to once again, be our commercial ...Read more...
First Time Home Buyer Mortgage GTABy Scott WestlakeJanuary 29, 20190 comments#FTHB #firsttimehomebuyer #mortgageadvise #thewestlaketeam #TWT #scottwestlake #oakvillemortgage #gtamortgage #FTHBmortgage #Homebuyerplan Some great advise from our friends at DLC on what information First Time Home Buyers should be aware of when buying a home and more specifically applying for a mortgage. The steps broken down: 1. Find a Fantastic Mortgage Broker 2. Get Comfortable with the numbers ...Read more...