Author Archive

Author Archive

Elan Weintraub Quoted in the Globe and Mail – Thinking about buying a second property? Here’s how to finance it

Posted on March 12th, 2021 by Shawn Stillman

https://www.theglobeandmail.com/featured-reports/article-thinking-about-buying-a-second-property-heres-how-to-finance-it/ “The goal is to unlock the equity in your home,” says Elan Weintraub, co-founder and mortgage broker at Mortgageoutlet.ca. There are many issues and strategies to consider with this kind of financing, Mr. Weintraub says, depending on your real estate status and objectives. Ways to finance a second property Often the best option is […]

For the 5th consecutive year Mortgage Outlet is one of Canada’s top independent brokerages

Posted on March 11th, 2021 by Shawn Stillman

https://www.mortgagebrokernews.ca/special-reports/top-independent-brokerages-2021-353552.aspx For Elan Weintraub, director and broker at five-time Top Independent Brokerage Mortgage Outlet, freedom from network influence means more leverage in attracting and retaining quality staff. “We can make decisions quickly, without a sign-off from a mothership,” Weintraub says, citing as an example Mortgage Outlet’s decision to not charge new agents desk or franchise […]

Shawn Stillman Quoted on Mortgage Broker News – Number of high-value mortgages spikes in Toronto

Posted on February 6th, 2021 by Shawn Stillman

https://www.mortgagebrokernews.ca/news/number-of-highvalue-mortgages-spikes-in-toronto-337501.aspx According to Shawn Stillman, principal broker at Mortgage Outlet, a potent driver of this development was the work-from-home revolution, which pushed down household costs significantly. The prevailing environment of record-low rates and the federal government’s financial assistance programs also significantly boosted the general public’s purchasing power. “People are still looking around and have a […]

Christelle Mwamba Quoted on Mortgage Broker News – The power of referrals

Posted on December 18th, 2020 by Shawn Stillman

https://www.mortgagebrokernews.ca/people/the-power-of-referrals-335791.aspx Christelle Mwamba is a wealth of knowledge. She’s spent the past decade working with financial advisors and high-net-worth clients looking to grow their real estate investment portfolios, finding creative solutions and relying on strong lender relationships to get deals done. “With self-employed clients, a lot of their money stays within their business, so customizing […]

Shawn Stillman Quoted on Toronto Stories – Million-Dollar Mortgages in Toronto the New Norm Amid Pandemic: Report

Posted on December 5th, 2020 by Shawn Stillman

https://torontostoreys.com/million-dollar-mortgages-toronto-lowestrates/ Shawn Stillman, principal broker at Mortgage Outlet, told LowestRates he’s now seeing larger mortgages in the GTA than he did before the pandemic. “Up until this year, mortgages of $1 million or more have been rare,” said Stillman. In the 10 years Stillman has been a mortgage broker, he told LowestRates he’s done about […]

Elan Weintraub Quoted on Mortgage Broker News – Tips for rookies from some of Canada’s top brokers

Posted on August 29th, 2020 by Shawn Stillman

https://www.mortgagebrokernews.ca/news/tips-for-rookies-from-some-of-canadas-top-brokers-332612.aspx “Top brokers are having record years,” said Mortgage Outlet’s Elan Weintraub. “I think newer people are not necessarily getting in on that.” Weintraub’s advice for mortgage newbies was simple: Work your asses off. “When I look at this panel, this panel of top producers, they’re literally all working eight, ten, twelve hours a day, […]

Shawn Stillman Quoted on Mortgage Broker News – Faith and grit are a broker’s most powerful tools

Posted on June 2nd, 2020 by Shawn Stillman

https://www.mortgagebrokernews.ca/people/shawn-stillman-faith-and-grit-are-a-brokers-most-powerful-tools-330040.aspx The road to success in the mortgage space is a craggy, winding one – a fact that Shawn Stillman (pictured), broker and co-founder of the Toronto-based Mortgage Outlet, emphasized in his advice to industry newcomers. “I first got my license in September 2009, but I actually did not close my first deal until March […]

Phil Cragg Quoted on Mortgage Broker News – What makes a mortgage professional a top contender

Posted on May 18th, 2020 by Shawn Stillman

https://www.mortgagebrokernews.ca/people/phil-cragg-on-what-makes-a-mortgage-professional-a-top-contender-329580.aspx With an established track record of service to first-time homebuyers, owners seeking refinancing, and individuals with bruised credit alike, Phil Cragg of Mortgage Outlet has risen through the ranks to become one of the organization’s top Ottawa-based professionals. Cragg attributed his success to an appetite for excellence that stemmed from even before his broker […]

Shawn Stillman Quoted on The Financial Post – Some Canadian banks freeze new financing for commercial properties on COVID-19 concerns

Posted on May 7th, 2020 by Shawn Stillman

https://financialpost.com/pmn/business-pmn/some-canadian-banks-freeze-new-financing-for-commercial-properties-on-covid-19-concerns Some owners who are unable to sell their properties are refinancing with alternative lenders at higher rates, adding to pressure on the struggling small to medium business sector. Mortgage Outlet broker Shawn Stillman said two clients who had letters of intent signed to refinance with Bank of Montreal were told the bank was no […]

Shawn Stillman Quoted on Canadian Mortgage Trends – Why Are Mortgage Rates Rising?

Posted on March 18th, 2020 by Shawn Stillman

https://www.canadianmortgagetrends.com/2020/03/mortgage-rates-rising/ “I think if you’re a bank, you’re scared of losses right now,” Shawn Stillman, founder of mortgageoutlet.ca, told CMT. “The banks are in this to make money, and if they don’t think that they’re going to be able to make money because all of a sudden their default rate is going to go up, […]