FC Funding Surpasses $1B in Mortgage Funded Volume YTDBy Scott WestlakeAugust 2, 20230 comments#FCfunding #volumefunded #success #awards Dear Valued Clients and Referral Partners, We are thrilled to announce that our mortgage brokerage has achieved a remarkable feat - surpassing $1 billion in funded volume year-to-date! This extraordinary accomplishment is a testament to our unwavering commitment to excellence and ...Read more...
Monthly Mortgage Newsletter - August 2023By Scott WestlakeAugust 1, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter ...Read more...
Home Renovations – Reality vs. TelevisionBy Scott WestlakeJuly 31, 20230 comments#renovation #fixandflip #homerenovation Watching home renovation shows is inspiring, often providing us with ideas for our own spaces. However, there is a bit of a downside when it comes to these shows – they can be misleading when it comes to the renovation process. While we may want to recreate something from one ...Read more...
Recently Funded - Mortgage Renewal Success StoryBy Scott WestlakeMy PortfolioJuly 21, 20230 comments#recentlyfunded #mortgagerenewal #renewal #refinance #mortgagerefinance In the current financial landscape, with interest rates on the rise, many Canadians are facing the reality of increased borrowing costs. Amidst this changing environment, mortgage renewals have become a significant point of concern for homeowners. Previously overlooked, these renewals ...Read more...
Canadian Inflation Falls Within Bank of Canada's Target Range, but Food and Shelter Costs Remain HighBy Scott WestlakeJuly 19, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates ...Read more...
Bank of Canada June Rate Hike Spooks the Housing MarketBy Scott WestlakeJuly 17, 20230 comments#Bankofcanada #interestrate #boc #variablemortgage #mortgagerates The Canadian Real Estate Association says the BoC's surprise ...Read more...
Interest Rates Will Stay Higher For LongerBy Scott WestlakeJuly 13, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy ...Read more...
What is Alternative Lending?.By Scott WestlakeJuly 12, 20230 comments#alternativelending #privatelending #businessforself #nichelending When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box ...Read more...
It's a Close Call Which Way the Bank Will GoBy Scott WestlakeJuly 8, 20230 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates #economy Employment growth last month came in at a whopping 60,000 ...Read more...
Oakville Hospital Foundation Golf TournamentBy Scott WestlakeJuly 4, 20230 comments#charity #OTMH #oakvillehospital #golf Hey everyone! I want to take a moment to express my deepest gratitude and appreciation for each and every one of you who got involved and contributed to the tremendous success of our Oakville Hospital Foundation Golf Tournament this year at beautiful Mississauga Golf Club. Your support ...Read more...
Monthly Mortgage Newsletter - July 2023By Scott WestlakeJuly 4, 20230 comments#monthlymortgagenewsletter #mortgagenews #mortgagenewsletter Welcome to the July ...Read more...
Reverse Mortgage Myths Versus FactsBy Scott WestlakeJune 28, 20230 comments#reversemortgage #homeequitybank #retirement #retirementmortgage #homeequityloan Read more...
Will the May Inflation Decline Thwart Another Rate Hike in July?By Scott WestlakeJune 27, 20230 comments#inflation #bankofcanada #boc #rates #mortgagerate The May inflation data, released this morning by Statistics ...Read more...
Strong May Housing Triggered BoC Rate HikeBy Scott WestlakeJune 16, 20230 comments#economicupdate #realestateprices #boC #housing #interestrates The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1% gain in April. This brought the year-over-year sales gain to 1.4%, ...Read more...
Mortgage Agent Training - The Importance of ChecklistsBy Scott WestlakeMortgage Agent TrainingJune 9, 20230 comments#mortgageagenttraining Introduction: Creating a checklist is a simple yet powerful tool that can significantly enhance your performance as a mortgage agent. By setting clear objectives, fostering accountability, and allowing for small wins, checklists can boost confidence and lead to greater success. ...Read more...
Unlocking Home Equity: The Benefits of a Reverse Mortgage vs a HELOC.By Scott WestlakeJune 9, 20230 comments#HELOC #reversemortgage Do you need help to meet your retirement income needs? With rising inflation, accessing sufficient cashflow for your desired lifestyle can be challenging. However, with over 70% of Canadians owning their homes, tapping into home equity can be the cashflow solution you need. Tapping ...Read more...