Mortgage Services

From pre-approvals to investment properties, I'm here to Help.

Partnering With a Mortgage Broker For Success

A Mortgage Broker does more than find the best interest rate. I'll guide you through the mortgage process, educate you on home finance and economic trends, address your concerns, and support you long after the mortgage transaction. Since a mortgage is a long-term commitment, your choice in a mortgage broker should be too.

Here's what I can help with and more:

Mortgage Pre-Approvals (rate holds of up to 120 days)
Purchase Applications
Refinance & Renewals
Interest Rate Holds
First-Time Home Buyer Guidance
Investment Property Financing
Debts Consolidation
Purchase Plus Improvements Mortgages

Home Equity Line of Credits
Self-Employed Mortgages
Reverse Mortgages
Bruised Credit Programs
Private Financing
Separation Mortgages
Bridge Loans
Ongoing Support & More

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Mortgage Pre-Approvals

It's important to get pre-approved for a mortgage before you start shopping for homes. This way you will know what you qualify for and it will save you time once you find the home of your dreams. Plus it will reduce the chances if disappointment since you won't be looking for homes outside of your range! If you're ready to find the perfect home for you, reach out today - with most lenders we can hold rates for 120 days!

First-Time Home Buyer Guidance in Kamloops and 100 Mile House, British Columbia

Are you a first-time home buyer in Kamloops, 100 Mile House or any other part of British Columbia? Are you feeling overwhelmed by the mortgage process? You’re not alone! Navigating the world of home financing can be daunting, but with Leanne as your mortgage broker, you’ll have a dedicated partner to guide you every step of the way.

Leanne takes the time to understand your needs, preferences, and budget, ensuring you get a mortgage that fits your goals. From mortgage pre-approval to closing, Leanne will simplify the mortgage process, making it as stress-free as possible.

By having access to multiple lenders (unlike banks that offer only their own products), this opens the door to a wide range of mortgage products, giving you more choices and competitive rates.

We recommend discussing your home buying goals, budget, and timeline with a no-obligation consultation before you start working with a realtor and looking at homes.

Mortgage Refinancing and Renewals: A Guide for Kamloops and 100 Mile House Homeowners

As a homeowner in Kamloops, 100 Mile House and all of British Columbia, understanding the options for mortgage refinancing and renewals can significantly impact your financial well-being. Here’s a brief overview of both processes:

Mortgage Refinancing involves replacing your existing mortgage with a new one often to secure additional funds. Homeowners typically refinance for several reasons:

- Lower Interest Rates: If market rates have decreased, refinancing can reduce your monthly payments and overall interest costs.

- Accessing Home Equity: You can tap into your home’s equity for major expenses, such as renovations or consolidating debt.

- Changing Loan Terms: Whether you want to switch from a variable to a fixed rate or shorten your mortgage term, refinancing offers flexibility.

Typically four months before your mortgage term expires, you enter the mortgage renewal phase, where you have the opportunity to negotiate new terms with your lender. Key points to consider include:

- Reviewing Rates and Terms: Take the time to compare current rates and terms from various lenders to ensure you’re getting the best deal.

- Potential for Better Options: This is a chance to switch lenders if your current one doesn’t meet your needs or if better options are available elsewhere.

Whether you’re considering refinancing for a better rate or looking to renew your existing mortgage, working with a knowledgeable mortgage broker in Kamloops and 100 Mile House can provide valuable insights and help you navigate your options effectively. Your home is one of your biggest investments—make sure you’re making the most of it!

Reverse Mortgage British Columbia: Understanding Your Options

A reverse mortgage can be a valuable tool for homeowners in British Columbia looking to access their home’s equity while continuing to live in their property. Leanne Funston, a knowledgeable mortgage broker in British Columbia, can help you understand whether a reverse mortgage is the right option for you. Leanne will walk you through the process, explaining the benefits and potential drawbacks, and help you determine if this financial product aligns with your retirement goals. Her expertise ensures you make informed decisions about leveraging your home’s equity in a way that best suits your needs.

Get Pre-Approved in 30 Seconds Or Less!

Complete Your Purchase Application Now!

Explore Your Renewal or Refinance Options Today!

Frequently Asked Questions

What is a pre-qualification?

A mortgage pre-qualification is when you provide generalized information to a lender or online calculator, without the information being confirmed, and receive an estimated max purchase price.

What is a pre-approval?

A mortgage pre-approval is when a qualified mortgage broker reviews the information provided, such as your mortgage application, income & down payment documents, along with verifying your credit bureau to provide you with a more accurate max purchase price.

What is an approval?

After you have an accepted offer to purchase your dream home, your Mortgage Broker will submit your information to a lender. Once the lender reviews & confirms all the information provided, they will provide you with a full approval.

How much do I need for a down payment?

If you're buying an owner-occupied property, you may be eligible to put as little as 5% down. Keep in mind that just because the minimum down payment is 5%, you still need to qualify for the total mortgage amount (based on your income & debts).

Many people don't realize that the rules change for a purchase price above $500,000. In this case, you will require 5% on the 1st $500K and 10% on the remainder (up to $1M). If you're purchasing a home for over $1M you will require a minimum of 20% down.

If you're purchasing a rental property you will require a minimum of 20% down.

What if I don't qualify for the home I want?

This is where your mortgage broker can help provide you options, such as adding a co-signer, increasing your down payment and/or paying off debts. A Mortgage Broker/Agent has access to multiple lenders, so even if don't fit certain lender guidelines, they can shop around to see if another lender may approval your application.

What is a co-signer?

A co-signer is typically added to your mortgage application when you don't qualify for a home on your own. We add their income and debts to your application, to see if it increases your overall approval numbers. When someone cosigns for you, they will be added to the title of the mortgage and mortgage documents. This new mortgage debt will also appear on their credit bureau, which can affect their future credit score & loan affordability.

What is a guarantor?

A guarantor is typically added to your mortgage application when you have poor credit repayment or little to no credit history. Sometimes lenders will request a guarantor when your application is slightly weaker than they would want to see to approve you on your own. In most cases, the mortgage will not show on the guarantor's credit bureau, but this can vary from lender to lender.

What is Default Insurance?

Most people refer to this as CMHC fees. That said, there are actually 3 companies that provide this insurance to Canadians, CMHC, Sagen and Canada Guaranty.

This is insurance is mandatory for those who purchase a home with less than 20% down. Default insurance is then added to your mortgage and increases your overall mortgage amount.

Even though this is an added cost to buying a home, it's still a great way to get into the market when you don't have a 20% down payment. Default insurance is meant to protect your lender, in the event you stop making your mortgage payments & the lender has to foreclose on you.

Trusted Guidance, Proven Success

Erin B. & Kodi N.
100 Mile House

I highly recommend Leanne. We just bought our first home and has been absolutely fantastic. Leanne had answers to every single one of our questions and is super patient. She walked us through step by step and really help calm my anxieties about buying. She got us a great mortgage rate. I have nothing but good things to say about Leanne, she’s amazing!

Chapail Rua - Quesnel

I was purchasing a property on my own without any experience and Leanne walked me through every step with grace and professionalism. She was very responsive and informative and sought out the answers to my questions if she didn't know off hand. She was also very patient with me as I went through the emotional rollercoaster that purchasing property can be. I am very grateful for her help and I highly recommend her.

Theresa W. - Kamloops

Leanne has been simply fantastic to work with! She answered all of our questions and was very helpful.

Jo B & Scott H. - Delta

Leanne is world class fabulous and she cares a lot! She goes the extra extra mile and is kind caring and compassionate. Her communication skills are top notch, the best in the business. Mortgages are stressful especially in our market place and these uncertain times. We have no doubt Leanne finds the very best products for her clients because she works hard and cares! We consider ourselves brutal clients, late timelines, paperwork nightmares, indecisive nature, and because of the stress of it all we procrastinated all the way thru the process. Leanne pulled out the very best options and products for us and in the end we know we were in the very best hands. We cant recommend Leanne enough and we will be using her for our future products. She knocked this one out of the park and we are forever greatful for her help and for putting up with us. Use Leanne you wont go wrong!