6 - Scottwestlake - Blog - The Westlake Team

Financing A Cottage

By 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...

Net Worth Mortgage Lending

By Scott WestlakeJuly 20, 20200 comments

#highnetworthlending #affluentlending #nichmortgagelending #networthmortgagelending #twt #scottwestlake

Not everyday new mortgage solutions are made available to mortgage brokers, mortgage customers and our referral partners - especially in light of covid-19. Over the past week another net worth mortgage lending program has been made available, and for a brokerage like ours, ...Read more...

Mortgage Solution For Vacant Residential Development Site

By Scott WestlakeJune 23, 20200 comments

#interaliamortgage #mortgagelending #mortgagebroker #landacquisition #constructionfinancing #twt #scottwestlake

We recently funded a mortgage for some amazing clients that needed a creative solution. $1,890,000 1st Mortgage inter-alia 53% LTV Permanent Resident with foreign income and assets 7.35% Interest Rate 1% Set up fee Interest Only and open with 3 month interest Corporate ...Read more...

Luxury Home Mortgage Advisor - Free Master Class July 9, 2020

By Scott WestlakeJune 22, 20200 comments

#LHMA #luxuryhomemortgageadvisor #mortgagecoaching #mortgagetraining #twt #scottwestlake

On Thursday July 9 at 12pm EST join my friend, colleague and supporter to Luxury Home Mortgage Advisory - Calum Ross, as he shares his experience working with real estate Investors. Calum will teach you how he's made 7 figures a year by working with high income, high ...Read more...

Mortgage Refinances and Mortgage Renewals - Time For a Financial Check Up

Mortgage Refinances & Mortgage Renewals - Time For a Financial Check Up

By Scott WestlakeJune 10, 20200 comments

#mortgagerefinance #mortgagerenewal #oakvillemortgagebroker #scottwestlake #twt #dlc

Now may be one of the better times to do a financial check up. Society has been shaken up, financial markets are volatile. Prime Lending Rate has decreased from 3.95% to 2.45%. Fixed rates have dropped, the benchmark qualifying rate has dropped & underwriting rules have ...Read more...

Income Document Checklist

By Scott WestlakeJune 5, 20200 comments

#incomedocumentchecklist #income #twt #scottwestlake #mortagebroker

One of the more complicated areas clients often get confused about when applying for a mortgage is income confirmation. Income helps lenders and mortgage brokers debt service the mortgage. It is a huge aspect in any mortgage pre-approval and underwriting any mortgage file. Clients ...Read more...

Welcome To The June 2020 Issue Of Our Mortgage Newsletter

By Scott WestlakeJune 3, 20200 comments

#monthlymortgagenewsletter #mortgagenesletter #mortgageadvise #mortgagenews #twt #dlc #scottwestlake

Summer is just around the corner and we have some great articles for you this month! We have compiled some helpful tips on what you need to know BEFORE you start house-hunting, as well as why getting pre-approved matters. Plus, We have included some fun tips on staying cool and saving ...Read more...

10 Great Reasons To Work With A Realtor

By Scott WestlakeFebruary 24, 20200 comments

#workingwitharealtor #mortgagebroker #realestateagent #oakville #gtamortgage #twt #scottwestlake

We want to give a shout out to all those amazing realtors out there! Those that work with us, those that are newer to working with us and those that haven't yet, but hopefully can in the near future! Our team empowers the realtor/mortgage broker relationship. In fact, ...Read more...

New Benchmark Rate for Qualifying For Insured Mortgages

By Scott WestlakeFebruary 19, 20200 comments

#breakingnews #qualifyingrate #twt #scottwestlake #oakvillemortgagebroker #gtamortgage

Our Chief Economist Dr. Sherry Cooper shares the recent news on the new qualifying interest rate... Although the net impact, immediately, may only be 30 basis points, this is a strong message that we require a more dynamic solution that can adjust to the market place ...Read more...

10 Great Reasons to use a Mortgage Broker

By Scott WestlakeFebruary 17, 20200 comments

#10reasonstousemortgaegbroker #twt #thewestlaketeam #scottwestlake #mortgagebroker #realestate #luxurybroker #purchase #preapproval #refinance #construction #commercial #renewal

Here are 10 great reasons why you should consider a Mortgage Broker for your next Mortgage! Be it purchase, refinance, renewal, residential, commercial, private or construction - here are 10 reasons why you need a Mortgage Broker in your corner. To connect with one of ...Read more...

BUILDING A PLAN TO MOVE INTO YOUR DREAM HOME!!

By Scott WestlakeFebruary 11, 20200 comments

#dreamhome #mortgageadvise #buildaplan #genworth #twt #scottwestlake

There is nothing like finding your dream home! However, there is a lot of work that goes into that process, including getting organized for the right Mortgage. Our team is breaking down our top 8 steps to help with the mortgage process when buying your dream home. For ...Read more...

Best Mortgage Calculator and App for 2020 and Why You Need It

Best Mortgage Calculator & App for 2020 & Why You Need It!

By Scott WestlakeJanuary 21, 20200 comments

#mortgagecalculator #calculator #mortgageapp #thewestlaketeam #scottwestlake #oakvillemortgagecalculator #torontomortgagecaluclator #mortgagecalculatorontario #mortgagecalculatoraffordability

Happy New Year Everyone! Throughout 2019 our clients and referrals sources constantly told us how our Mortgage Calculator in our free downloadable Mortgage App is the perfect tool for all types of clients and referral sources requiring mortgage information. We therefore want ...Read more...

Agent Training - Activities Drive Results

By Scott WestlakeDecember 6, 20190 comments

#agenttraining #mortgagebroker #twt #thewestlaketeam #scottwestlake

I always say it, "activities drive results." Yesterday we sent out 160 hand written letters. While I personally. wrote the letters my team went through each deal. We confirmed we have the clients contact details & birthday. What rate they have - incase there ...Read more...

Oakville Housing Market Outlook and An Oakville Mortgage Brokers Perspective

Oakville Housing Market Outlook & An Oakville Mortgage Brokers Perspective

By Scott WestlakeNovember 28, 20190 comments

#oakvillehousingmarket #housingupdate #twt #thewestlaketeam #luxuryrealestate #luxurymortgagebroker #mortgagebroker #dlc #scottwestlake #oakville

"Re/Max is forecasting continuing balance conditions for the Oakville housing market in 2020." What we look at is a Mortgage Brokerage is whats driving demand. According to the statistics below, "move-up-buyers" are driving this demand. The reason this is ...Read more...