Barbara/Basia Essaunce Mortgage Professional

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Barbara/Basia Essaunce Mortgage Professional

Your Trusted Mortgage Professional
-Serving Beautiful British Columbia
-Partnered with Xeva Mortgage
-Polski/English
-SouthRock Local

08/27/2026

🏡 Your mortgage is a BIG deal… so why not have someone in your corner?
It pays to have a great team around you: a good accountant, financial planner, lawyer… and yes, a good mortgage professional.

Your mortgage is quite literally one of the largest liabilities you’ll likely ever have. So having someone who lives and breathes mortgages help you navigate purchases, renewals, refinancing, and all those lovely lender details can be a pretty smart move.

And the best part? For most residential mortgages, my advice and service don’t cost you anything personally.

Think of me as the person who does the mortgage stuff all day, every day, so you don’t have to.

Because the right mortgage strategy can potentially save you money, time, and a whole lot of stress leaving you more room to focus on the things that actually matter.

So, the next time a purchase or renewal is on the horizon, let’s chat before you sign anything. ☕️

Here to make the mortgage side of life a little easier. 🏠

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

08/24/2026

We hear “variable rate” all the time but what does it actually mean?

And here’s the important part: not all variable rates are created equal.

Most lenders base their variable rates on the Bank of Canada’s prime rate, but some lenders use a different prime rate. In fact, one major bank even uses different prime rates for different variable mortgage products.

You can also have:
• A variable mortgage where your payment stays the same month to month
• A variable mortgage where your payment adjusts as prime rate changes

And yes, many variable products allow you to convert to a fixed rate during your term but that doesn’t necessarily mean you can simply “freeze” your current rate. Usually, you’ll need to convert into a fixed-rate term that’s equal to or longer than the time remaining on your current term.

That’s exactly why the details matter. There’s a lot more to a “variable rate” than just the word variable.

You don’t know what you don’t know. I can help you understand the differences and choose the product that actually fits your situation.

Because the lowest rate isn’t always the best rate it’s about understanding what you’re actually getting. 🔑

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

CanadianMortgage MortgageAdvice

07/15/2026

🏠 No surprises again today. We’ve got ourselves our 6th consecutive rate hold. The Bank of Canada holds interest rate at 2.25%

So, what does that mean for you?

If You Have a Mortgage:

Variable-rate mortgage? Your rate will stay the same.

HELOC? Your prime rate will remain at 4.45%. Check with your lender on what prime rate they use, as this can vary.

Fixed-rate mortgage? No immediate change if you’re locked in.

Why the Rate Hold?
The Bank of Canada kept its interest rate at 2.25% because the economy is showing mixed signals. Inflation is easing but is still slightly above the 2% target, so it’s too early to cut rates. At the same time, the economy is improving, so lower rates aren’t needed to boost growth. The Bank is waiting for more data before deciding whether to raise or lower interest rates.

📅 Next rate announcement: September 2nd, 2026

If you’re wondering what this means for your mortgage, a future home purchase, or just your financial well-being, I’m here. Let’s talk about your goals, your options, and how to navigate all this with confidence.

Let’s Connect

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

06/11/2026

🏡 Pro-Active vs. Reactive Lending

Reactive lending focuses on whether you qualify today.
Pro-active lending focuses on helping you achieve your future homeownership goals by exploring different strategies, scenarios, and options.

One key difference between working with a mortgage broker and a bank representative is time and focus.
Bank employees often have multiple sales targets and responsibilities beyond mortgages, which can limit the time available to discuss various lending strategies.

As a mortgage broker, my job is to understand your goals, review your options, and help create a plan not just secure a mortgage.

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

06/10/2026

🏠 No surprises again today. The Bank of Canada holds interest rate at 2.25%

So, what does that mean for you?

If You Have a Mortgage:

Variable-rate mortgage? Your rate will stay the same.

HELOC? Your prime rate will remain at 4.45%. Check with your lender on what prime rate they use, as this can vary.

Fixed-rate mortgage? No immediate change if you’re locked in.

Why the Rate Hold?

The Bank of Canada decided to hold its overnight rate at 2.25% today as it continues to balance two competing forces: a slowing economy and persistent inflation pressures.

While Canada has shown signs of weaker growth, recent job numbers have been stronger than expected and inflation remains close enough to the Bank’s target range that policymakers aren’t ready to cut rates just yet.

With ongoing uncertainty around trade, energy prices, and the broader economic outlook, the Bank is taking a “wait and see” approach before making its next move.

📅 Next rate announcement: July 15th, 2026

If you’re wondering what this means for your mortgage, a future home purchase, or just your financial well-being, I’m here. Let’s talk about your goals, your options, and how to navigate all this with confidence.

Let’s Connect

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

05/04/2026

💡 BC Parents - don’t miss out on FREE money for your child’s future!
The BC Training & Education Savings Grant (BCTESG) gives you $1,200 toward your child’s education and many families don’t even realize they qualify.

✅ Ages 6–9
✅ BC resident
✅ RESP + SIN required

💰 No personal contribution needed
⏳ You only have a limited window to apply once it’s gone, it’s gone.

As a local BC mortgage broker, I always remind families: smart planning isn’t just about your home it’s about your kids’ future too.

👉 Apply here: https://www2.gov.bc.ca/gov/content/education-training/k-12/support/scholarships/bc-training-and-education-savings-grant

Have questions about RESPs or planning ahead? Send me a DM, happy to help.

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

04/29/2026

🏠 The Bank of Canada holds interest rate at 2.25%

So, what does that mean for you?

If You Have a Mortgage:

Variable-rate mortgage? Your rate will stay the same.

HELOC? Your prime rate will remain at 4.45%. Check with your lender on what prime rate they use, as this can vary.

Fixed-rate mortgage? No immediate change if you’re locked in.

Why the Rate Hold?

The Bank held rates as it continues to balance ongoing inflation pressures with a slowing economy. While inflation has eased overall, recent increases particularly from energy mean it could move closer to 3% in the near term.

At the same time, economic growth is modest and the labour market is softening. Because of this, the Bank isn’t ready to cut rates yet, but also doesn’t want to risk making borrowing more difficult.

For now, they’re taking a cautious, wait-and-see approach, looking for clearer signs that inflation is sustainably returning to target before starting to lower rates.

📅 Next rate announcement: June 10th, 2026

If you’re wondering what this means for your mortgage, a future home purchase, or just your financial well-being, I’m here. Let’s talk about your goals, your options, and how to navigate all this with confidence.

Let’s Connect

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

04/20/2026

Thinking about buying a home with someone else? 🏡 Here’s why a co-signer agreement matters and its limits.

When you purchase a home with another person (partner, friend, family member), a **co-signer agreement** (or co-ownership agreement) is a private contract that outlines how you’ll handle things like:
• Ownership percentages
• Mortgage payments
• Property expenses (repairs, taxes, utilities)
• What happens if one person wants to sell or can’t pay

✅ **Why it’s helpful:**
A co-signer agreement protects everyone involved by setting clear expectations upfront. It can prevent misunderstandings, reduce conflict, and provide a plan if circumstances change. Think of it as your “house rules” in writing.

⚠️ **But here’s the important part:**
This agreement is **NOT** what the lender relies on.

Your **mortgage contract with the lender** is the legally binding document that determines responsibility for the loan. That means:

• All borrowers are typically **jointly and fully responsible** for the entire mortgage
• If one person doesn’t pay, the lender can pursue the other(s) for the full amount
• Your private agreement doesn’t limit the lender’s rights

💡 **Bottom line:**
A co-signer agreement is a smart tool for clarity and protection between co-owners but it doesn’t override your mortgage obligations. Always understand both documents before signing.

📌 Tip: Work with a real estate lawyer to draft an agreement tailored to your situation.

Have questions about co-owning a home? Drop them below 👇

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W. BarbaraEssaunce.ca

04/16/2026

Fixed vs. Variable in 2026: It’s Not About Rates. It’s About Strategy

We’re in a split market right now:

• Variable rates = relatively stable (Bank of Canada holding steady)
• Fixed rates = moving around more (bond market + global news)

Translation:

• Fixed = stability + peace of mind
• Variable = flexibility + potential savings
• It really comes down to your comfort with risk

One of my favourite questions for more cautious clients:
Would you pay a bit extra for peace of mind?
I call that “sleep insurance” 💤

There’s no universal “best” option just the one that fits you.

Better question to ask:
👉 “Which option helps me sleep at night AND move forward confidently?”

If you’re stuck in the fixed vs. variable debate, let’s run the numbers and build a plan not just pick a rate.

Your Trusted Mortgage Professional
Barbara Essaunce
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

04/06/2026

✨ Calendar Update ✨

Hi everyone! I wanted to share a quick update 💛

My online booking calendar will be blocked off for the next few months as I step into one of life’s most exciting new chapters… motherhood! 🍼✨

While I’ll be soaking up those precious early moments, I’m still here for you because let’s be real… mortgages and finances don’t take time off 🏡💼

If you’d like to connect, ask questions, or book some time with me, please feel free to:

📞 Call or text me directly at 778.889.9734
📧 Email me at [email protected]

I’ll be checking in regularly and would be more than happy to support you in between all the special moments 💕

Thank you so much for your patience, kindness, and continued support! It truly means the world, especially as I navigate this new journey as a new mama 💛

Looking forward to connecting with you soon! ✨

Barbara Essaunce - Your Trusted Mortgage Professional
P.778.889.9734
[email protected]
W.BarbaraEssaunce.ca

Address

South Surrey, BC

Telephone

+17788899734

Website

http://www.BarbaraEssaunce.ca/

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