Kelowna Mortgage | Mortgages by Sara Lussier
Are you looking for mortgage help in Kelowna? If so, look no further! My name is Sara Lussier and I am a Kelowna mortgage professional who specializes in residential mortgages in the Okanagan Valley and Northern Alberta. Living in West Kelowna now for nearly 3 years after living in Fort Saskatchewan, my mission is simple: to ensure my clients receive the best financing options and rates that are available. How am I able to do this? As a broker, I have relationships with a wide variety of lenders that allows me to shop for the best rate and negotiate on your behalf. I am a firm believer in providing honest and transparent service to my clients while offering relevant, timely and unbiased advice. Whether you are buying a home for the first time, purchasing a second home, renewing a mortgage or interested in refinancing, my services are designed to help my clients get the lowest rates and best terms based on their specific situation. As a local resident, I am always doing whatever I can to make sure that the people of Kelowna and the surrounding areas are being looked after the right way when it comes to mortgages. I am always open to answering any questions or concerns that you may have, so contact me anytime!
Located on Okanagan Lake in the Okanagan Valley, Kelowna is the third-largest metropolitan area in British Columbia with a population of 179,839 as of the latest census. While not the biggest metro area in the province, Kelowna is the fastest-growing metro area in Canada. Kelowna, named after an Okanagan language term meaning “grizzly bear”, was originally settled in 1879 and became incorporated in 1905. The area’s service industry employs most of the population. Kelowna is widely known for its stunning scenery that include lakes, trails and mountains and is a popular destination for tourists and residents who interested in boating, golfing, hiking and biking in the summer months. During the winter, skiing is a popular activity amongst the locals and those visiting the city. For a complete list of things to do in Kelowna – including casinos, historic sites, sporting events, museums, galleries and shows – check out Tourism Kelowna. Source: https://en.wikipedia.org/wiki/Kelowna
Kelowna Mortgage & Real Estate
The Kelowna housing market has been one of the country’s hottest in 2016. As a mortgage broker in Kelowna, I am always monitoring the local and national housing markets as well as mortgage rates. Doing this allows me to be the most prepared to help my clients finding the right mortgage. Over the first 9 months of 2016, housing starts in the Kelowna Census Metropolitan Area for single freehold homes was up 7.2% compared to the same period in 2015. Semis saw a 30.2% decrease over the same period while row/semi condominiums jumped 50.9% and apartments/others increased by a whopping 180.2%. Housing starts are expected to finish 2016 significantly higher than the 1,280 recorded in 2015. This isn’t entirely surprising considering the strong year the housing market has had in the Kelowna CMA. Forecasters are predicting that 2016 will finish with anywhere between 2,090 and 2,310 total housing starts. However, experts also predict that this number will drop back to normal levels in 2017 and 2018. In 2015, total home sales in the Multiple Listing Service resale market reached 5,378, up from 2014 when there were 4,886 units sold. By the end of 2016 this number is expected to rise dramatically. It is anticipated that the total number of homes sold in the resale market will land anywhere from 6,500 to 6,900 units by the end of December 2016. Much like the housing starts, forecasters are predicting that sales will cool down over the next two years due in large part to slower population growth that would allow supply to catch up with demand. The average price for a home in the resale market in Kelowna was $435,261 in 2015, a number that is expected to rise between $491,100 and $498,900 by the time 2016 concludes. People seem to be taking advantage of low mortgage rates now, especially when it comes to a West Kelowna mortgage. However, rates are predicted to gradually increase as we near the end of the year and enter 2017. Source: https://www.cmhc-schl.gc.ca/odpub/esub/64183/64183_2016_M10.pdf?fr=1478117461041 Source: https://www.cmhc-schl.gc.ca/odpub/esub/64359/64359_2016_B02.pdf?fr=1478117817648
Why a Kelowna mortgage broker?
If you’re like most people looking for a mortgage, it’s probable that at one point or another you’ve debated working with a broker and working directly through a bank. After all, these are generally the two main ways to obtain a mortgage in Canada. There are many advantages to working with a Kelowna mortgage broker like myself. Firstly, as I previously noted I have relationships with a wide variety of lenders. This ranges from private lenders to the biggest lending institutions and it means that you have more options when it comes to selecting the right mortgage. For example, if you were to go directly through a bank for your mortgage, you would only be eligible for the mortgage rates that they have posted. With a broker, you have the advantage of having the choice of different mortgage rates depending on what the 30+ lenders I deal with are offering. This can save you thousands of dollars in the future! Secondly, a mortgage broker in Kelowna such as myself will handle all of the necessary paperwork and negotiations with lenders on your behalf. This means there is a lot less work for you that will ultimately save you time and money. As someone who has been involved in the mortgage industry for years, I have the experience and skills necessary to negotiate with lenders in order to obtain the best rate for you. Lastly, I work for you. Brokers are typically paid by the lender in which the client decides to get a mortgage with. This means two things: 1) everything I do is done in your best interests, and 2) there is no charge to you for my service. Whether you’re buying a home, renewing or refinancing, consulting a West Kelowna mortgage broker like myself is a good way to ensure that you are being looked after properly. I am committed to helping my clients find the right mortgage with my “get it done” attitude and won’t stop until I do! For more information or to learn more about how I can help you, please contact me today!
If you are looking to purchase a property, understanding all the mortgage options available to you can seem overwhelming. The market is hot and having a clear plan is a must. That’s where we come in, we do this everyday, and we love it. We will help you make sense of all the numbers and provide you with mortgage options that suit your individual needs.
The best time to start looking at renewing your existing mortgage is 120 days before your maturity date. If your existing lender has sent you a renewal offer in the mail, the first thing you should do is send it to our office so that we can give you a second opinion. Never just sign the offer, there is always room to negotiate. We are here to help you, so that you don’t have to do those negotiations alone!
Are you looking to refinance your property to access some of the equity built up in your property? Maybe you want to consolidate some debts, start a new business, buy a vacation, vineyard or investment property… regardless of the reason, we will discuss all your mortgage refinancing options with you and help you to secure the best mortgage available.
Not only is Sara extremely professional and efficient in obtaining the best rates for my new home, she is helpful and concerned about getting the job done correctly. I highly recommend (and am actively recommending) her services to anyone buying property or refinancing. She makes the process easy and stress-free!Rachna
Sara is a pleasure to work with. Her follow up and attention to details is fantastic. She is driven and works very hard for her clients. I definitely recommend Sara if you are looking for a mortgage.Kevin
We’re so blessed to have known Sara! She helped us throughout the process. This is our first home so it’s really very memorable and significant for us. I would recommend her to anyone in the planet looking for a dependable, knowledgeable and caring mortgage broker. Thank you so much for all your help Sara. We appreciate you very much!Carlos
Sara is pleasant to work with and efficient at getting the job done right. I highly recommend Sara as a Mortgage Broker.Jennifer
As a financial advisor, I pride myself on having great connections in our community who can help my clients. Sara is a reliable, trustworthy mortgage broker who always goes above and beyond for her clients. Whether it be a new application, refinancing or a renewal, Sara has integrity and I never have to worry that she will always be putting the needs and best interest of the client first. Thank you Sara for all that you do!Chrissy
Sara went above and beyond to assist us in what looked like to be a hopeless situation. She is professional and caring of her clients and I would highly recommend her for any of your mortgage needs. She stands out as one of the best brokers in the Okanagan.Kim
I Keep My Blog up To Date, So You Can Stay Informed!
Looks like 2017 begins the same way 2016 ended, with the Bank of Canada announcing that it has maintained its target for the overnight rate at 1/2 percent. While the Bank Rate is correspondingly 3/4 of a percent, with the deposit rate holding steady at 1/4 percent as...read more
The Canadian Mortgage and Housing Corporation announced this morning that they will be increasing mortgage insurance premiums on March 17th 2017. They were quick to outline that the changes would only amount to roughly a $5 increase per month for borrowers. Which was...read more
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Office Address: 101 – 2205 Louie Drive, West Kelowna BC V4T3C3