7 - Blog - The Westlake Team

Oakville Hospital Foundation Golf Tournament

By Scott WestlakeJuly 4, 20230 comments

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...

Strong May Housing Triggered BoC Rate Hike

By 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 Checklists

By 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...

Holy Smokes, The Bank of Canada Means Business

By Scott WestlakeJune 8, 20230 comments

#boc #bankofcanada #interestrates #mortgagerates #variablerates #economy

If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it would be obliterated today. In a relatively surprising move, the Bank hiked the overnight policy ...Read more...

Weekly Business Boosting Checklist for Mortgage Brokers:

By Scott WestlakeMortgage Agent TrainingJune 6, 20230 comments

#mortgageagenttraining #mortgagebrokertraining #TWT

Weekly Business Boosting Checklist for Mortgage Brokers: Network with Professionals: Attend networking events and industry conferences to connect with real estate agents, financial advisors, accountants, investment advisors and other professionals in related fields. ...Read more...

Recently Funded Mortgage --> Unlocking Financial Success: The Power Couple's Journey to Mortgage Success

By Scott WestlakeMy PortfolioJune 6, 20230 comments

#recentlyfunded #businessforself #netincomeaftertax #businessincome #businessforselfmortgage #selemployedmortgage

Introduction: In the world of high net worth individuals and entrepreneurs, financial decisions can often be complex and challenging. Recently, we had the pleasure of working with a remarkable power couple who epitomized success in both their personal and professional lives. Their ...Read more...

Don't Be house Poor

By Scott WestlakeJune 5, 20230 comments

#budget #moneysavings

Don’t Be House Poor. Having the biggest and best home on the block sounds great – but not if it is at the expense of your life and monthly finances! Be smart about your budget and avoid buying a home at the very top of your pre-approval value, which might lead to cash ...Read more...

What You Should Know About Mortgage Amortization.

By Scott WestlakeMay 30, 20230 comments

#amortization #mortrgageamortization

Mortgage amortization refers to the process of paying off a mortgage loan through regular installments over a specified period. Here are some key points to know about mortgage amortization: Definition: Mortgage amortization is the gradual repayment of a loan's principal and ...Read more...

How to Pay Off Your Mortgage Faster.

By Scott WestlakeMay 23, 20230 comments

#mortgageprepayment #paymortgagefaster

When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25 to 30 year amortization schedule, there are several strategies you can consider to pay off your mortgage quicker. Here are some effective ways to accelerate your ...Read more...

Vital Spring Housing Market Bodes Well For The Economy

By Scott WestlakeMay 17, 20230 comments

#housevalue #springmarket #housingprices

The Canadian Real Estate Association says home sales in April surged 11.3% month-over-month. The Spring rebound was on the heels of smaller back-to-back gains in the prior two months. ...Read more...

It's a Close Call Which Way the Bank Will Go

Oakville Hospital Foundation Golf Tournament

Monthly Mortgage Newsletter - July 2023

Reverse Mortgage Myths Versus Facts

Will the May Inflation Decline Thwart Another Rate Hike in July?