Alana DeLong Mortgages

09/30/2026

“RATES ARE DOWN!” — NOT SO FAST…

The Bank of Canada rate is NOT your mortgage rate.

This is one of the biggest misconceptions I see.
The Bank of Canada's overnight rate primarily affects variable-rate borrowing.

Fixed mortgage rates are influenced heavily by the bond market and lender pricing.
So you can have:
📉 Bank of Canada rate staying the same
📉 Variable rates staying relatively stable
📈 Fixed mortgage rates moving higher
They're connected—but they aren't the same thing.

As of September 2, 2026, the Bank of Canada policy rate is 2.25%

09/29/2026

Turning Mortgage Dreams Into New Beginnings

Buying your first home can feel overwhelming, but you don’t have to navigate it alone.

Happy move in day to our first time home buyers today!

09/25/2026

THE LOWEST RATE ISN'T ALWAYS THE BEST DEAL

Would you take $500 today if it could cost you $5,000 later?

A mortgage rate is important—but it isn't the whole mortgage.

Look at:
• Prepayment privileges
• Penalties
• Portability
• Term
• Amortization
• Ability to refinance
• Restrictions in the mortgage contract

A mortgage with a slightly lower rate may have substantially higher penalties or fewer options.

Bottom line:
Don't shop for a mortgage like you're shopping for a pair of shoes.
Shop for the mortgage that fits your life.

09/23/2026

🏠Your Renewal Date Is More Important Than You Think!

Your mortgage renewal isn't just a paperwork exercise.

🗓If your mortgage is coming up for renewal in the next 6–12 months, now is the time to review your options.

Before renewing, ask:
✔️ Is this actually my best rate?
✔️ Should I change my term?
✔️ Would variable make sense?
✔️ Do I need to change my amortization?
✔️ Should I consolidate other debt?
✔️ Would another lender offer a better solution?

💡 Mortgage Tip: Start reviewing your mortgage months before renewal, not days before.

09/17/2026

✨ Making the most of our temporary home office while we wait for the new one! 💻🏡

The setup may be makeshift, but having my favourite little office buddy here makes it pretty perfect. 🥰👶🏼💕

Work from home has its perks… especially when your coworker is this cute! ❤️

09/14/2026

Come join us for our first annual client appreciation event!

We are so excited to be hosting our first client appreciation day! We hope to see you on oct 4 at Grills Orchards 886 Grills road. There will be lots of fun to be had and the first 40 guests will receive a swag bag! Send us a dm or drop a comment if you have any questions or to tell that you're as excited to see us there as we are to have you!

07/23/2026

We love doing our job and helping clients find the right solution!

❤️

05/28/2026

Renewing your Mortgage is the topic of the year

Over 60% of Canadians just auto-renew with their current lender — often at higher rates!

At renewal:

• You can renegotiate
• Switch lenders
• Restructure your mortgage

Let your Mortgage Professional do the research for you and see what best suits you!

📌 Start planning 4–6 months early.
💡 Loyalty doesn’t always equal savings.

05/25/2026

Amortization = Long-Term Leverage

Longer amortizations lower payments — but increase interest paid.

📊 Example:
• 30-year amortization = better cash flow
• 25-year amortization = less interest over time

💡 Smart borrowers use:
• Accelerated payments
• Annual lump sums
• Step-up payment options

👉 Flexibility now + discipline later = best outcome.

05/21/2026

CLOSING COSTS CAN CATCH YOU OFF GUARD!

Your down payment is not your only upfront cost.

Ontario buyers should budget for:

• Land Transfer Tax (double in Toronto)
• Legal fees
• Title insurance
• Adjustments (taxes, utilities)

💡 Rule of thumb: 1.5%–4% of purchase price.
👉 Knowing this early prevents last-minute stress.