Quintessential Insurance Services

Quintessential Insurance Services We work hard to keep ourselves and our families safe and healthy.

Complementing this effort with the added protection of insurance will help ensure you and your family will be taken care of in the event of a critical illness, disability or death.

Some of my flower photos to brighten the day! This weather is so lovely that they have lasted well.
09/14/2023

Some of my flower photos to brighten the day! This weather is so lovely that they have lasted well.

Excellent information
04/18/2023

Excellent information

I understand most people's concern when they say interest rates are high right now. ๐Ÿ“ˆ

However, if you're paying rent that means your paying 100% interest since none of your payment is going towards the principal of your home. ๐Ÿ’ธ

If you want to start paying off your own mortgage, instead of your landlord's, I'd be happy to work with you to achieve your goals. ๐Ÿ 

Get pre-approved today! ๐Ÿ‘‹

250-888-8036 [email protected]
www.mortgagesbylori.com

*๐˜”๐˜ฐ๐˜ณ๐˜ต๐˜จ๐˜ข๐˜จ๐˜ฆ ๐˜ฆ๐˜ด๐˜ต๐˜ช๐˜ฎ๐˜ข๐˜ต๐˜ฆ๐˜ด ๐˜ฃ๐˜ข๐˜ด๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ฏ 4.59% ๐˜๐˜ฏ๐˜ด๐˜ถ๐˜ณ๐˜ฆ๐˜ฅ ๐˜”๐˜ฐ๐˜ณ๐˜ต๐˜จ๐˜ข๐˜จ๐˜ฆ, ๐˜ข๐˜ด ๐˜ฐ๐˜ง ๐˜๐˜ฆ๐˜ฃ 5๐˜ต๐˜ฉ, 2023. ๐˜™๐˜ข๐˜ต๐˜ฆ๐˜ด ๐˜ข๐˜ณ๐˜ฆ ๐˜ด๐˜ถ๐˜ฃ๐˜ซ๐˜ฆ๐˜ค๐˜ต ๐˜ต๐˜ฐ ๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜จ๐˜ฆ ๐˜ธ๐˜ช๐˜ต๐˜ฉ๐˜ฐ๐˜ถ๐˜ต ๐˜ฏ๐˜ฐ๐˜ต๐˜ช๐˜ค๐˜ฆ. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ข ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ช๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ต๐˜ฐ ๐˜ญ๐˜ฆ๐˜ฏ๐˜ฅ ๐˜ฐ๐˜ณ ๐˜ข๐˜ฑ๐˜ฑ๐˜ณ๐˜ฐ๐˜ท๐˜ข๐˜ญ. ๐˜Š๐˜ฐ๐˜ฏ๐˜ด๐˜ถ๐˜ฎ๐˜ฆ๐˜ณ๐˜ด ๐˜ด๐˜ฉ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ข๐˜ค๐˜ต ๐˜ฎ๐˜ฐ๐˜ณ๐˜ต๐˜จ๐˜ข๐˜จ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ง๐˜ฆ๐˜ด๐˜ด๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ๐˜ด ๐˜ง๐˜ฐ๐˜ณ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ.


04/18/2023

When purchasing a home you'll often hear a mortgage professional refer to the terms "๐ˆ๐ง๐ฌ๐ฎ๐ซ๐ž๐" or "๐‚๐จ๐ง๐ฏ๐ž๐ง๐ญ๐ข๐จ๐ง๐š๐ฅ".

Learn more below๐Ÿ‘‡

๐ˆ๐ง๐ฌ๐ฎ๐ซ๐ž๐: When you purchase an owner-occupied property with *less* than 20% down. Default insurance is required.

๐‚๐จ๐ง๐ฏ๐ž๐ง๐ญ๐ข๐จ๐ง๐š๐ฅ: When you purchase a home with 20% or *more*. Default insurance is typically not required.

Want to learn more about mortgages? Follow me for more tips & tricks! โœ๏ธ

04/04/2023

Want to improve your credit score? Here are a few steps you can take: ๐Ÿ 

โžก๏ธ Pay your bills on time: Late payments can have a negative impact on your credit score.

โžก๏ธ Keep your credit card balances low: High balances can indicate that you're overextended

โžก๏ธ Monitor your credit report: Make sure there are no errors that could be hurting your score

โžก๏ธ Don't close old credit accounts: Having a long credit history can improve your score

โžก๏ธ Be selective about applying for credit: Each application can result in a hard inquiry, which can temporarily lower your score

โžก๏ธ Use your credit: Show lenders that you are capable of managing the credit you have access to

Remember, a good credit score can open doors to better loan terms and lower interest rates. ๐Ÿ™Œ๐Ÿป

03/21/2023

2022 was full of ups and downs, including house prices & interest rates. ๐Ÿ“ˆ๐Ÿ“‰

Here's a breakdown based on CREA National Price Averages:
๐Ÿ“‰ Prices have gone down by $85,261
๐Ÿ’ฐ You need $8,526 less of a down payment to buy that same home
๐Ÿซฐ You will save $3,070 in default insurance
๐Ÿ  You're total mortgage will be $79,805 lower
โŒ Your interest rate will be roughly 3.10% higher
โŒ Your payment will be roughly $622/m higher

So why would you buy now? ๐Ÿค” You'll get a great deal on a house, build equity quickly and see huge savings in your payment once rates start to decline ๐Ÿ“‰

Ready to get pre-approved? Let's chat!

*Disclaimer: The above is for illustrative purposes only. Users should not rely on these calculations to make any financial decisions. Calculations are just approximated and should be verified.

Great advice
03/15/2023

Great advice

Want to buy a house in Canada? Here's a quick guide on the steps to take to get a mortgage: ๐Ÿ 

1. Understand and improve your credit score & history. Lenders are looking for a good beacon score and repayment history โœ…

2. Gather your income & debts documents for your mortgage professional โœ…

3. Get pre-approved to determine your affordability before you start shopping for a home โœ…

4. Work with a Realtor to find a home that fits your budget and meets your needs โœ…

6. Upon an accepted offer on your new home, your mortgage professional will submit your application for a full approval review โœ…

7. Once the lender fully approves you, you are good to remove your financing subject on your home โœ…

8. You pay a deposit towards your home, collect the remainder of your down payment and the lawyer receives the remainder of the mortgage funds for your purchase โœ…

9. Your purchase completes and you are ready to move into your new home โœ…

Let's start by getting you pre-approved! ๐Ÿ 

01/19/2023

If you're lucky enough to get a bonus every year, we may be able to use that extra income to help you qualify for a larger loan amount. ๐Ÿ 

Lenders like to see consistency in bonus income, meaning we need a minimum two year history. ๐Ÿ—“๏ธ

The best way to prove this to your lender is to show us your 2021 & 2022 T4s or Personal Income Tax Returns (T1s). ๐Ÿ–Š๏ธ

Want to learn more about using your bonus income in your mortgage application? Contact me at 250-888-8036 [email protected] www.mortgagesbylori.com


12/26/2022

Lately, the media has instilled a lot of fear into Canadians about mortgage rates & renewals. ๐Ÿ˜ฑ

I'm here to help you navigate through those concerns & help find you the best interest rate and mortgage product to suit your unique needs. ๐Ÿฆ

Did you know you can hold an interest rate for up to 120 days? ๐Ÿ˜ฎ

Let me know when you're up for renewal and we will start working on a plan together ๐Ÿ‘‹๐Ÿป

source: canadianmortgagetrends.com

12/19/2022

Whatโ€™s going on with interest rates? ๐Ÿ“ˆ๐Ÿ“‰
How long is my pre-approval good for? ๐Ÿค”
Should I go fixed or variable? ๐Ÿฆ
Should I pay out my debts before buying a home? ๐Ÿ’ณ

Iโ€™m a licensed mortgage professional and ready to answer your home financing questions! ๐Ÿ‘‹๐ŸปPM me to get started today!
~

This is very good info from Mortgage Agent, Lori Lenaghan.  Her experience and energy make her ideal to work with.
12/09/2022

This is very good info from Mortgage Agent, Lori Lenaghan. Her experience and energy make her ideal to work with.

When it comes to saving for your first home, many think of the down payment. ๐Ÿ’ฐ
In Canada, you need a minimum of 5% down but this can vary based on your purchase price. Minimum down payment is based on 5% of the first $500,000 of value plus 10% of any amount over $500,000. And if the purchase price is over $1 million, then you must have 20% down payment

You will also have to save for a few more things, such as:
๐Ÿ’ธ Appraisal Cost (if applicable)
๐Ÿ’ธ Home Inspection (if applicable)
๐Ÿ’ธ Land Transfer Tax (if applicable)
๐Ÿ’ธ Legal fees
๐Ÿ’ธ Home Insurance
๐Ÿ’ธ Moving expenses

TIP: Most lenders like to see that you have saved 1.5% of the purchase price, in addition to your down payment, for closing cost ๐Ÿ 

If you have any more questions about buying a home feel free to call me at 250-888-8036 or send me a message to [email protected]

11/25/2022

๐‡๐š๐ฏ๐ž ๐ฒ๐จ๐ฎ ๐ซ๐ž๐œ๐ž๐ง๐ญ๐ฅ๐ฒ ๐›๐ž๐ž๐ง ๐๐ž๐œ๐ฅ๐ข๐ง๐ž๐?

Your income, debt, credit & assets have a large impact on the lender's decision when it comes to reviewing your mortgage application.

Let's set up a call at 250-888-8036 or email me at [email protected] to go over your application details and dissect why you were declined.
This way we can come up with a short or long-term plan to get you into your future home or I can also assist you with your current mortgage with a refinance.
I have many lenders who offer alternative financing at reasonable rates!!

11/23/2022

Looking for a place you can call "home?" Give me a call at 250-888-8036 or send me a message at [email protected] and let's get started on your pre-approval!

I can help connect you with a Realtor and help find a home within your price range! ๐Ÿ 

Address

6816 Burr Drive
Sooke, BC
V9Z0L1

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

+17784253454

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