Mortgages with Lorraine

Mortgages with Lorraine I provide guidance, convenience and choice from dozens of lenders in Canada.

Whether you are a homebuyer or homeowner looking to purchase, renew or refinance, or you are seeking personal insurance, having an expert on your side is invaluable.

09/02/2026

NO CHANGE FROM THE BANK OF CANADA 📌

The Bank of Canada held its overnight rate at 2.25% today, marking another pause as it weighs a mix of inflation, economic growth and ongoing uncertainty.

So, what does that actually mean for homeowners and buyers?

👉 Variable-rate mortgages: No immediate change to prime or variable mortgage payments as a result of today's decision.

👉 Fixed rates: Today's announcement doesn't directly determine fixed mortgage rates. Fixed rates are influenced more by bond yields and what's happening in the broader economy.

👉 Renewing soon? Don't assume the rate your bank offers is your only option. A renewal is an opportunity to look at the bigger picture. Rate, penalties, flexibility, debt, and your plans for the next few years.

And perhaps the biggest takeaway:

A mortgage isn't just about getting the lowest rate. It's about making sure the mortgage fits what you're trying to accomplish.

If you're buying, renewing or considering a refinance, let's look at the whole picture, not just the rate.

Having trouble securing financing and considering a private mortgage?A private mortgage isn't necessarily the problem. S...
08/27/2026

Having trouble securing financing and considering a private mortgage?

A private mortgage isn't necessarily the problem. Sometimes, it's the bridge to the solution.

Maybe the bank said no.

Maybe you're self-employed and your income doesn't fit traditional or Alt-A lending guidelines.

Maybe you need a bridge to close before your current home sells.

Maybe you're renovating, restructuring debt, or dealing with a temporary financial situation.

Private financing can sometimes provide the flexibility that traditional lenders can't.

But here's the important part:

Don't just ask, “Can I get a private mortgage?”

Ask:

→ Why do I need it?
→ How much equity do I have?
→ What will it cost me?
→ How long will I need it?
→ Most importantly, what is my exit strategy?

A private mortgage is be a short-term tool with a clear plan, not a solution that simply kicks the problem down the road.

The right mortgage isn't always the one with the lowest rate.

It's the one that makes sense for your situation and your next move.

If you're considering private financing, let's look at the whole picture before deciding whether it's the right fit.

It's important but not the be-all-end-all...
08/24/2026

It's important but not the be-all-end-all...

My first mortgage file closed this time 5 years ago. Five years ago, I thought I was getting into the mortgage business....
08/17/2026

My first mortgage file closed this time 5 years ago.

Five years ago, I thought I was getting into the mortgage business.

I didn't realize I was getting into the "people" business.

Because mortgages are rarely just about mortgages.

They're about first homes, growing families, divorce, second properties, debt, retirement, new beginnings, doing reno's, and much, much more.

Five years has taught me that getting the lowest rate isn't always the most important thing.

Sometimes it's flexibility.
Sometimes it's certainty.
Sometimes it's keeping your options open.
It's always about having a strategy.

And sometimes the best advice I can give someone is not to purchase the property.

My job isn't simply to find you a mortgage.

It's to understand what you're trying to accomplish and help you make a decision that fits the bigger picture.

Five years. A lot of mortgages. A ton of lessons. And so many incredible clients, many who have become friends.

I'm incredibly grateful... and I'm just getting started. 🤍

Many of my clients have excellent credit, solid incomes, and healthy savings.Their questions aren't:❌ "Can I qualify?"Th...
08/04/2026

Many of my clients have excellent credit, solid incomes, and healthy savings.

Their questions aren't:
❌ "Can I qualify?"

They're asking:
✔️ "Can we buy the lake cabin we've always wanted?"
✔️ "Is it time to move into our forever home?"
✔️ "Should we keep our current home as an investment?"
✔️ "How can we build wealth without tying up all our cash?"

The right mortgage isn't just about getting approved.

It's about creating flexibility, preserving your investments, and helping your money work harder while you enjoy the lifestyle you've worked so hard to build.

If you're wondering what's possible over the next few years, not just what you can afford today, I'd be happy to help you map out your options.

📩 Send me a message. Sometimes one conversation opens up opportunities you didn't realize were within reach.

This is the reason I love what I do. I feel pretty lucky to have such amazing clients 🥰
07/31/2026

This is the reason I love what I do. I feel pretty lucky to have such amazing clients 🥰

🏡 Waiting for home prices to fall? Here's what I'm seeing...Many buyers are still sitting on the sidelines, hoping both ...
07/27/2026

🏡 Waiting for home prices to fall? Here's what I'm seeing...

Many buyers are still sitting on the sidelines, hoping both home prices and mortgage rates will drop.

The reality?

📉 Home prices in BC have softened slightly compared to last year, with the provincial average down about 1.4%. At the same time, active listings are at their highest levels in years, giving buyers more choice and stronger negotiating power than we've seen for quite some time.

That means today's market offers opportunities you may not have had a couple of years ago:
✔️ More homes to choose from.
✔️ Less competition.
✔️ More room to negotiate on price, conditions, or closing dates.

And remember, if interest rates come down in the future, you may be able to refinance. But if home prices rise again once demand picks up, you can't go back and buy today's home at yesterday's price.

The best time to buy isn't when the headlines say it's perfect. It's when the numbers work for you.

If you're wondering whether now is the right time to buy, renew, or refinance, I'd be happy to run the numbers and help you make an informed decision.

📩 Send me a message, and let's chat.

Every mortgage tells a different story, and I'm so grateful to be trusted to help my clients through one of the biggest ...
07/20/2026

Every mortgage tells a different story, and I'm so grateful to be trusted to help my clients through one of the biggest financial decisions they'll make.

Reviews like this remind me why I love what I do. ❤️

If you're looking for honest advice, clear communication, and someone who will advocate for you every step of the way, I'd love to help.

Thank you to all of my amazing clients for your continued support.

Getting pre-approved isn’t optional. it’s essential for a successful property purchase.Walk into your home search with c...
04/29/2026

Getting pre-approved isn’t optional. it’s essential for a successful property purchase.

Walk into your home search with confidence, knowing your team (your realtor and mortgage broker) is already in place, aligned, and ready to support you every step of the way.

Address

3025 Wales Road
West Kelowna, BC
V1Z2B7

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm

Website

Alerts

Be the first to know and let us send you an email when Mortgages with Lorraine posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Mortgages with Lorraine:

Shortcuts

Share

Category