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Mortgage Financing in Creston B.C

MORTGAGE FINANCING IN THREE EASY STEPS

Connect With Me

The best place to start is to connect with me directly. The mortgage process is personal. My commitment is to listen to all your needs, assess your financial situation, and provide you with a plan to move forward. 


Consider Your Options

Once we’ve had a look at your financial situation, we’ll consider a variety of mortgage options, I’ll outline what is necessary to qualify for your mortgage, negotiate with the lenders on your behalf, and arrange the mortgage that best suits your needs.

Rest Easy

Once we’ve arranged financing with the best lender and the property is yours, you’re not on your own. My goal is to be your mortgage professional for life! Any questions in the years to come, contact me anytime! 



Lori LaLonde

With over 20 years of experience helping families across BC with mortgage financing, I would love to assist you in making your homeownership dreams a reality while saving you as much money as possible.

I moved to the beautiful community of Creston, BC in March 2024, and have completely fallen in love with Creston and the valley. While Creston is now proudly my home, I am still able to assist clients anywhere in BC, bringing the same care and expertise I’ve always offered.

I specialize in serving the mortgage needs of clients here in Creston and the Kootenays, while also supporting families relocating within BC or Alberta. Whether you’re purchasing your first home, refinancing, or investing in property, I can help put together a plan that gets you exactly where you want to be.

If you’re looking for a mortgage broker with years of experience, a wealth of industry connections, and a personal commitment to your success, please don’t hesitate to contact me anytime!

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Nice things people have said about working with me.

"I personally used Lori to purchase my latest income property, not only was Lori fast and professional, she was able to provide me with more insight than anyone I have previously worked with. I appreciate her professionalism and willingness to tell it like it is."

LAURA W.

"I have worked with Lori on several occasions and have found her to be extremely fast at getting back to me, exceptionally professional in her dealings with me and the clients as well as being very knowledgeable of the products and services she provides."

CARY R.

"We have been using Lori Lalonde for close to two decades. Lori has been a beacon of light through the murky waters of home financing. She has always taken the time to explain pieces we don't understand, even if she has explained them before :). We have purchased two properties and been through a few refinances to capitalize on better rates, of which Lori has brought to our attention. She always provides lots of options and consultation and ensures that we understand the implications of our decisions. Lori is wonderful mortgage broker and extremely competent. I would, have and will again recommend Lori to anyone looking for a mortgage broker."

Greg Fraser

"Lori went above and beyond when I was looking to refinance my mortgage. She was patient, always available, answered all my questions and explained all my options. I would highly recommend Lori."

Jordan Hurdal

"Working with Lori was a great experience. Very thorough, knowledgeable, and went way above and beyond for my family and I."

Colin Campbell

John Doe's Image
Lori has been amazing to work with, she is very patient and has adapted for me in many situations to provide whats best for me

Lori is a quick worker she was able to get me 2 mortgages when the big banks denied!

I Highly recommend Lori Lalonde if your wanting a new mortgage!

Thank you again for all your hard and amazing work Lori, I cant thank you enough

Derek

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Mortgage articles to keep you informed.

By Lori Lalonde September 30, 2025
Why the Cheapest Mortgage Isn’t Always the Smartest Move Some things are fine to buy on the cheap. Generic cereal? Sure. Basic airline seat? No problem. A car with roll-down windows? If it gets you where you're going, great. But when it comes to choosing a mortgage? That’s not the time to cut corners. A “no-frills” mortgage might sound appealing with its rock-bottom interest rate, but what’s stripped away to get you that rate can end up costing you far more in the long run. These mortgages often come with severe limitations—restrictions that could hit your wallet hard if life throws you a curveball. Let’s break it down. A typical no-frills mortgage might offer a slightly lower interest rate—maybe 0.10% to 0.20% less. That could save you a few hundred dollars over a few years. But that small upfront saving comes at the cost of flexibility: Breaking your mortgage early? Expect a massive penalty. Want to make extra payments? Often not allowed—or severely restricted. Need to move and take your mortgage with you? Not likely. Thinking about refinancing? Good luck doing that without a financial hit. Most people don’t plan on breaking their mortgage early—but roughly two-thirds of Canadians do, often due to job changes, separations, relocations, or expanding families. That’s why flexibility matters. So why do lenders even offer no-frills mortgages? Because they know the stats. And they know many borrowers chase the lowest rate without asking what’s behind it. Some banks count on that. Their job is to maximize profits. Ours? To help you make an informed, strategic choice. As independent mortgage professionals, we work for you—not a single lender. That means we can compare multiple products from various financial institutions to find the one that actually suits your goals and protects your long-term financial health. Bottom line: Don’t let a shiny low rate distract you from what really matters. A mortgage should fit your life—not the other way around. Have questions? Want to look at your options? I’d be happy to help. Let’s chat.
By Lori Lalonde September 16, 2025
If you’re like most Canadians, chances are you don’t have enough money in the bank to buy a property outright. So, you need a mortgage. When you’re ready, it would be a pleasure to help you assess and secure the best mortgage available. But until then, here’s some information on what to consider when selecting the best mortgage to lower your overall cost of borrowing. When getting a mortgage, the property you own is held as collateral and interest is charged on the money you’ve borrowed. Your mortgage will be paid back over a defined period of time, usually 25 years; this is called amortization. Your amortization is then broken into terms that outline the interest cost varying in length from 6 months to 10 years. From there, each mortgage will have a list of features that outline the terms of the mortgage. When assessing the suitability of a mortgage, your number one goal should be to keep your cost of borrowing as low as possible. And contrary to conventional wisdom, this doesn’t always mean choosing the mortgage with the lowest rate. It means thinking through your financial and life situation and choosing the mortgage that best suits your needs. Choosing a mortgage with a low rate is a part of lowering your borrowing costs, but it’s certainly not the only factor. There are many other factors to consider; here are a few of them: How long do you anticipate living in the property? This will help you decide on an appropriate term. Do you plan on moving for work, or do you need the flexibility to move in the future? This could help you decide if portability is important to you. What does the prepayment penalty look like if you have to break your term? This is probably the biggest factor in lowering your overall cost of borrowing. How is the lender’s interest rate differential calculated, what figures do they use? This is very tough to figure out on your own. Get help. What are the prepayment privileges? If you’d like to pay down your mortgage faster. How is the mortgage registered on the title? This could impact your ability to switch to another lender upon renewal without incurring new legal costs, or it could mean increased flexibility down the line. Should you consider a fixed rate, variable rate, HELOC, or a reverse mortgage? There are many different types of mortgages; each has its own pros and cons. What is the size of your downpayment? Coming up with more money down might lower (or eliminate) mortgage insurance premiums, saving you thousands of dollars. So again, while the interest rate is important, it’s certainly not the only consideration when assessing the suitability of a mortgage. Obviously, the conversation is so much more than just the lowest rate. The best advice is to work with an independent mortgage professional who has your best interest in mind and knows exactly how to keep your cost of borrowing as low as possible. You will often find that mortgages with the rock bottom, lowest rates, can have potential hidden costs built in to the mortgage terms that will cost you a lot of money down the road. Sure, a rate that is 0.10% lower could save you a few dollars a month in payments, but if the mortgage is restrictive, breaking the mortgage halfway through the term could cost you thousands or tens of thousands of dollars. Which obviously negates any interest saved in going with a lower rate. It would be a pleasure to walk you through the fine print of mortgage financing to ensure you can secure the best mortgage with the lowest overall cost of borrowing, given your financial and life situation. Please connect anytime!
By Lori Lalonde September 2, 2025
So you’re thinking about co-signing on a mortgage? Great, let’s talk about what that looks like. Although it’s nice to be in a position to help someone qualify for a mortgage, it’s not a decision that you should make lightly. Co-signing a mortgage could have a significant impact on your financial future. Here are some things to consider. You’re fully responsible for the mortgage. Regardless if you’re the principal borrower, co-borrower, or co-signor, if your name is on the mortgage, you are 100% responsible for the debt of the mortgage. Although the term co-signor makes it sound like you’re somehow removed from the actual mortgage, you have all the same legal obligations as everyone else on the mortgage. When you co-sign for a mortgage, you guarantee that the mortgage payments will be made, even if you aren’t the one making them. So, if the primary applicant cannot make the payments for whatever reason, you’ll be expected to make them on their behalf. If payments aren’t made, and the mortgage goes into default, the lender will take legal action. This could negatively impact your credit score. So it’s an excellent idea to make sure you trust the primary applicant or have a way to monitor that payments are, in fact, being made so that you don’t end up in a bad financial situation. You’re on the mortgage until they can qualify to remove you. Once the initial mortgage term has been completed, you won’t be automatically removed from the mortgage. The primary applicant will have to make a new application in their own name and qualify for the mortgage on their own merit. If they don’t qualify, you’ll be kept on the mortgage for the next term. So before co-signing, it’s a good idea to discuss how long you can expect your name will be on the mortgage. Having a clear and open conversation with the primary applicant and your independent mortgage professional will help outline expectations. Co-signing a mortgage impacts your debt service ratio. When you co-sign for a mortgage, all of the debt of the co-signed mortgage is counted in your debt service ratios. This means that if you’re looking to qualify for another mortgage in the future, you’ll have to include the payments of the co-signed mortgage in those calculations, even though you aren’t the one making the payments directly. As this could significantly impact the amount you could borrow in the future, before you co-sign a mortgage, you’ll want to assess your financial future and decide if co-signing makes sense. Co-signing a mortgage means helping someone get ahead. While there are certainly things to consider when agreeing to co-sign on a mortgage application, chances are, by being a co-signor, you'll be helping someone you care for get ahead in life. The key to co-signing well is to outline expectations and over-communicate through the mortgage process. If you have any questions about co-signing on a mortgage or about the mortgage application process in general, please connect anytime. It would be a pleasure to work with you.

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