Happy Long Weekend & Prep For Summer Market!By Scott WestlakeMay 24, 20210 comments#happylongweekend #longweekend #morgtagebrokerage #TWT #SW #DLC We hope everyone is having a terrific long weekend! With the sun finally shining and things slowly opening up, we hope you all are taking some time to relax with your loved ones, if possible! As we prepare for the summer market there are lots of great resources we can share ...Read more...
Recently Funded - Projected Income For Physicians, Dentists & Veterinarians scottBy Scott WestlakeMy PortfolioMay 21, 20210 comments#TWT #DLC #SW #mortgageadvise #mortgagebroker TWT funded a mortgage for a physician who recently completed their residency. We were able to use the clients projected income to help qualify for their mortgage. Similar programs are available for Dentists & Veterinarians in their final year of residency, fellowship, ...Read more...
Everything You Need To Know About The Down Payments Process When Buying Real EstateBy Scott WestlakeMay 19, 20210 comments#downpayment #mortgagebroker #SW #TWT #DLC For more information or to apply for your next mortgage, purchase, refinance, renewal or switch, contact scott@thewestlaketeam.com or 416-436-1135. Getting the Down Payment Down. A down payment is one of the most essential aspects of every mortgage application ...Read more...
Are We Starting To See A Slowdown In Canadian HousingBy Scott WestlakeMay 18, 20210 comments#economicupdate #drsherrycooper #mortgagerates #Mayhomesales #SW #TWT #DLC #scottwestlake For more information on this article or to connect with our team for your upcoming mortgage needs, contact scott@thewestlaketeam.com Starting to See a Slowdown in Canadian ...Read more...
First Responder Mortgage ProgramBy Scott WestlakeMay 17, 20210 comments#firstrespondermortgageprogram #firstresponder #DLC #TWT #SW We are extremely excited to share the news about our NEW Mortgage Program! Exclusive to DLC and available through our Mortgage Brokers -The Dominion Lending Centres First Responder Mortgage Program. Launch date June 1, 2021! This is an incredible offering that allows us to ...Read more...
Recently Funded - High Ratio Insured Purchase For First Time Home BuyerBy Scott WestlakeMy PortfolioMay 12, 20210 comments#recentlyfunded #recentlyfundedmortgage #FTHB #TWT #SW #DLC TWT recently funded a $882,440 High Ratio Insured Mortgage for our First Time Home Buyers. The purchase price was $915,000 and our clients wanted the lowest down payment. For CMHC-insured mortgage loans, you must have the following: • 5% down payment for ...Read more...
25 Tips To Pay Down Your Mortgage Faster & Save You Money!By Scott WestlakeMay 11, 20210 comments#paydownmortgagefaster #sw #twt #DLC For more information on working with Dominion Lending Centres and/or one of our brokers for your next mortgage, contact scott@thewestlaketeam.com 25 Secrets To Pay Down Your Mortgage Faster & Save You Money. Twenty-five or thirty years can sound like an impossibly ...Read more...
Outside The Box - Container Homes, Tiny Homes & YurtsBy Scott WestlakeMay 7, 20210 comments#outsidethebox #alternative #financing #DLC #SW #TWT Outside The Box. For most Canadians, a home looks like a few different things. It is either a single-family dwelling, a townhome, condominium or a high-rise. But Daniel Croft, Vice President of Giant Container Services, is looking to change that! In the quest to find less expensive ...Read more...
Recently Funded - Self Employed Mortgage Refinance $1.4MBy Scott WestlakeMy PortfolioMay 6, 20210 comments#fundedmortgage #recentlyfunded #portfolio #refinance #ETO #SW #TWT #DLC TWT Recently Funded a Mortgage Refinance for $1.4M for Self Employed Clients. Purpose of refinance was a combination of equity take out for home improvement & debt consolidation. Clients have built up significant equity but also accumulated unsecured debt. Clients ...Read more...
Monthly Mortgage Newsletter - May 2021By Scott WestlakeMay 4, 20210 comments#monthlymortgagenewsletter #mortgagenewsletter #SW #TWT #DLC May 2021 ...Read more...
Recently Funded - Luxury Condo - Net Worth Lending ProgramBy Scott WestlakeMy PortfolioApril 30, 20210 comments#networthmortgage #highnetworthmortgage #networthlending #SW #TWT TWT Recently Funded a Residential Mortgage for a luxury condominium in Toronto. -$2,500,000 Mortgage -Roughly 73% loan to value (LTV) -Sub 2% interest rate -No set up fee TWT used a Net Worth Program to help approve the mortgage. Net Worth Mortgages allow clients to ...Read more...
How To Afford a Secondary Property In RetirementBy Scott WestlakeApril 28, 20210 comments#seondhome #retirement #SW #TWT #DLC For support on setting up a mortgage for a second property or for any mortgage related advise or information on this article, you can contact our office, scott@thewestlaketeam.com or 416-436-1135. How to Afford a Second Property in Retirement. More and more Canadians ...Read more...
Recently Funded - Property Acquistion + Construction Capital For Multiple TriplexesBy Scott WestlakeMy PortfolioApril 23, 20210 comments#constructionmortgage #constructionfinancing #mortgagebroker #mortgagebrokerage #twt #SW TWT Recently funded a mortgage to acquire a property and additional approved the construction capital for multiple triplexes. 70% Loan To Value on the acquisition of an existing property that will be demolished. Construction capital based on "as if" value and ...Read more...
Bank of Canada Holds Rates Steady, But Pares Bond-Buying ProgramBy Scott WestlakeApril 21, 20210 comments#mortgagerates #ratechange #SW #TWT #sherrycooper #DLC #mortgagebroekr For more information on how our mortgage brokerage can help with your current or next mortgage or how this information impacts you, please connect with scott@thewestlaketeam.com ...Read more...
Trudeau Opens the Spigots for Social Spending, Income Support, and a Green Economy.By Scott WestlakeApril 21, 20210 comments#DrSherryCooper #DLC #SW #TWT #scottwestlake #federalbudget #mortgaegnews For more information on how the budget impacts your current or future mortgage needs, please contact scott@thewestlaketeam.com Chrystia Freeland’s First Budget is As Promised In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” ...Read more...
$2M Inter Alia Mortgage - Cottage Land AcquisitionBy Scott WestlakeMy PortfolioApril 20, 20210 comments#land #landfinancing #acquistionfinancing #constructionmortgage #SW #TWT #scottwestlake TWT recently closed on a $2M Inter Alia Mortgage facility in Muskoka in under 1 week. Our client approached us to purchase land and required 100% financing. Land typically finances around 50-65% loan to value. We cross collateralized another asset to secure the $2M lending ...Read more...