5 - Thewestlaketeam - Blog - The Westlake Team

Recent Mortgage - Refinance $640,000

By Scott WestlakeJune 24, 20190 comments

#refinance #mortgage #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam

Backstory: Originally, the clients came to us to get pre-approved for a mortgage to buy a new home. After months of searching, reviewing their existing financing and speaking with a solid realtor that really took the clients considerations into heart, decided they could ...Read more...

Top 50 Monthly Revenue

By Scott WestlakeJune 17, 20190 comments

#toprevenue #top50 #twt #oakvillemortgagebroker #gtamortgages #thewestlaketeam

Very proud that we hit Top 50 Monthly Revenue throughout Q1 amongst thousands of brokers - during, what a lot of people in real estate, considered to be a slow quarter! Thanks to all our referral sources and clients! If we counted our entire teams revenue I am sure we would be top ...Read more...

Recent Mortgage - Construction Financing Cottage Country - $2,475,000

By Scott WestlakeJune 17, 20190 comments

#constructionfinancing #cottagemortgage #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam #muskokabuild #muskoka

We had the pleasure of supporting repeat clients of ours financing another cottage build in Cottage Country. We provided both land acquisition financing to purchase the property as well as the construction financing for the cottage build out. Backstory: Clients ...Read more...

Recent Transaction - $748,000 Residential Mortgage

By Scott WestlakeJune 10, 20190 comments

#oakvillemortgagebroker #gtamortgage #thewestlaketeam #residentialpurchase #bestrates #mortgageteam

Nothing overly complicated about this mortgage. Perhaps the way it was referred to us was flattering, but we highlight this mortgage, because our team can easily be categorized as a non-traditional or niche lending mortgage solution provider. When in fact, the most common mortgage ...Read more...

Recent Transaction - Net Worth Mortgage Explained $2mil Mortgage

By Scott WestlakeJune 7, 20190 comments

#networthmortgage #oakvillemortgagebroker #gtamortgage #scottwestlake #twt #thewestlaketeam

We recently funded one of the first mortgages under a new Net Worth Mortgage Program. BackStory: Our client had large investments in marketable securities. The client is business for self and had been taking a draw from and investment portfolio held within a corporate ...Read more...

Recent Transaction - June 2019 - Construction Loan $2.8mil

By Scott WestlakeJune 5, 20191 comments

#recenttransaction #constructionfianancing #twt #thewestlaketeam #scottwestlake #mortgagebroker #oakvillemortgagebroker #gtamortgage

Backstory: Land Accusation completed by purchaser in 2018, The client went through the process of deciding on builder, budget and applying for permit. -Cash buyer. No credit facility at closing. -Exit strategy is take out mortgage at completion through major institution, soft ...Read more...

Home Buyers Plan

By Scott WestlakeJune 5, 20190 comments

#homebuyerplan #oakvillemortgagebroker #mortgagebroker #thewestlaketeam #twt

The Home Buyers’ Plan is a Canada wide program that allows individuals to withdraw a certain amount from their Registered Retirement Savings Plans (RRSPs) for the purposes of qualifying for a home or if you are planning to help a related person who may have a disability. Currently, ...Read more...

June 2019 Mortgage Newsletter

By Scott WestlakeJune 4, 20190 comments

#monthlymortgagenewsletter #bestmortgagebroker #mortgaeadivse #realestate #twt #thewestlaketeam

Welcome to our June 2019 Mortgage Newsletter! This month we touch on: 1. 3 steps taking your from pre approval to getting the keys. 2. Is owning a home, truly your best bet? 3. Information about DLC 4. Homeowner Tips For full article, please ...Read more...

INTEREST RATE SPECIAL

By Scott WestlakeJune 4, 20190 comments

#interestratedrop #mortgagenews #interestrates #thewestlaketeam #mortgagebroker

Starting today June 4, 2019 our interest rates are reducing to some of our lowest pricing in years. 5 year fixed, 3 year fixed, variable for both high ratio and conventional mortgages (less than 20% down and more than 20% down). Reach out today for more details for you ...Read more...

Planning For Retirement - We Have A Mortgage For That

By Scott WestlakeMay 23, 20190 comments

#reversemortgage #retirement #mortgageplannig #wehaveamortgageforthat #thewestlaketeam #twt

Wether you or a family member are planning for retirement or are already retired and looking for credit solutions, we have a mortgage for that. From traditional lending through banks and credit unions to reverse mortgages we can help access equity with or without income to support ...Read more...

Should you pay down your mortgage ASAP?1?

By Scott WestlakeApril 13, 20190 comments

#payingdownmortgage #mortgageadvise #twt #thewestlaketeam #scottwestlake

I read a blog post from one of my peers on if it makes sense to pay your mortgage down ASAP (article below) and thought I would share my ten cents for my readers and clients. Depending upon your interest rate, other investments or opportunities you have available to ...Read more...

Source of Funds - Organizing your Down Payment

By Scott WestlakeApril 5, 20190 comments

#sourceofdownpayment #downpayment #mortgageadvise #twt #thewestlaketeam #scottwestlake

A great explanation on what and why our lenders require when it comes to verifying sources of funds for a down payment. The good news is, working with a mortgage broker and more specifically a team like ours with infrastructure helps with this process, along with everything else! ...Read more...

April Monthly Mortgage Newsletter

By Scott WestlakeApril 4, 20190 comments

#monthlymortgagenewsletter #mortgagetips #mortgagenews #twt #thewestlaketeam #scottwestlake #DLC #oakvillemortgage #gtamortgagebroker

This month we touch on the following topics: 1. How to Protect your Pre Approval 2. Moving up or down the Property Ladder 3. Homeowner Tip on Exterior Renovation To read our monthly mortgage newsletter, click the following link https://www2. ...Read more...

Federal Budget 2019 - Actions for Homebuyers

By Scott WestlakeMarch 22, 20190 comments

#federalbudget2019 #millenials #firsttimehomebuyer #FTHB #TWT #thewestlaketeam #scottwestlake

There has been a mixed reviews on the recent Federal Announcement with regards to addressing affordability for home owners in Canada. Everything from excitement over the increased Maximum withdrawal from your RRSP to disappointment in the CMHC First Time Home Buyer Incentive. ...Read more...

First Home Buyer Guide

By Scott WestlakeMarch 16, 20190 comments

#firsttimehomebuyer #firsttimehomebuyerguide #twt #thewestlaketeam #scottwestlake

Genworth came out recently with a terrific digital version of their first time home buyer guide. The guide is 22 pages and one of the more comprehensive guides for first time home buyers. Its very comparable to our recent magazine that was distributed and focused on ...Read more...

Becoming a Mortgage Agent

By Scott WestlakeMarch 14, 20190 comments

#newmortgageagent #mortgageagentcourse #jointwt #twt #thewestlaketeam #scottwestlake #mortgagebroker #mortgageagent #mortgageagenttraiing

Becoming a Mortgage Agent is not necessary hard. Its becoming a successful Mortgage Agent that is extremely hard. At The Westlake Team, we pride ourselves in helming with that success. With the proper infrastructure, mentorship and support, the results a new agent ...Read more...