My Rates

6 Months 3.10%
1 Year 2.29%
2 Years 2.14%
3 Years 2.24%
4 Years 2.39%
5 Years 2.34%
7 Years 3.09%
10 Years 3.69%
6 Months Open 3.10%
*Rates subject to change and OAC
Lorie Gore Mortgage Agent

Lorie Gore

Mortgage Agent

136 St. Clair St, Chatham, Ontario







It PAYS to shop around.

Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.

I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.

VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.

BLOG / NEWS Updates

Listing This Spring? Sounds Like You Could Use a CMA

Thinking about listing your property this spring? Then now's the time to request a comparative market analysis(CMA) from your real estate agent. A CMA is an evaluation of listings and sale prices of similar houses in your neighbourhood. Similar to an appraisal in that it provides sellers with an estimate of their home's market value, a CMA can help you be objective about the true value of your home. CMAs can also be useful for home buyers and homeowners. Buyers can use a comparative market analysis to ensure that they aren't overpaying for a property, while homeowners often consult a CMA as part of mortgage refinancing application. A CMA will show whether or not the value of your home is high enough to qualify you for a better mortgage rate. A comparative market analysis can also be useful if you're in need of a second mortgage. For more information on the benefits have performing a comparative market analysis as part of your refinancing application please contact a mortgage broker directly. Data Doesn't LieMost comparative market analysis reports contains information on the following: Active ListingsThis section of the CMA offers a detailed outline of the listings currently on the market in your neighbourhood. These homes are in direct competition to your listing; as such, it's important that you take their price breakdowns into account. If you price your home above the list price of pending sale properties, chances are good you'll have difficulties selling quickly. Pending ListingsThe pending listings portion of your CMA will contain information about homes that are no longer on the market, but are still under contract. These homes have received an offer and are currently in the process of closing. Since these properties are still technically open, you won't be able to access the exact sale price. With that being said, pending sales are indicative of the direction that your local real estate market is moving in. As such, it's worth noting the list price of these properties when putting together you own listing. Sold ListingsThis is the most important part of your CMA. This portion will normally contain a listing of the homes that have closed in your neighbourhood over the past three to six months. This will include their list price and their final sale price. Expired, Off-market, Withdrawn, and Otherwise Cancelled ListingsIf you're worried that you're overpricing your property, be sure to take a long hard look a this portion of your CMA. This section of the report will provide a good indicator of the highest median sales price of homes in your median. Look for Comparable PropertiesComparative market analysis are most useful when you can pinpoint properties that are similar in size, shape, and condition to your own. You can then use these listings to influence your pricing strategy. When reviewing listings for comparable properties, look for the following factors: Similar square footage Similar age and construction type Similar amenities and upgrades LocationA comparative market analysis will help you make an educated decision concerning your home's pricing strategy. Remember, competitively priced homes have a far better chance of selling in a timely period. Consult with your real estate agent and mortgage broker today for more information on comparable properties in your area.

No Change in Bank of Canada Rate

While the Canadian economy continues to grow at a slower pace than expected, last week's release from the Bank of Canada wasn't all doom and gloom. Consumer debt and the housing market finally appear to bestabilizinghere in the Great White North, at the same time debt concerns in the United States and Europe have begun to dissipate. As such, the message was clear from Bank of Canada Governor Mark Carney last Wednesday - interest rates aren't going anywhere anytime soon. Last Wednesday's report was the first time that policymakers combined theirregularlyscheduled rate decision release with the Bank's Monetary Policy Report, one of the nation's most important quarterly statements concerning the state of domestic and global economic factors. Business As UsualAs expected, the Bank of Canada announced that they will continue to keep borrowing costs low, maintaing its trendsetting overnight rate at a 1 percent low. This rate has remained unchanged since September 2012 making it the longest dormant stretch since the 19050s. Even so, analysts were surprised by the tone of the statement.Dovish was the word that a handful of analysts used to describe the announcement, which revised the Bank's projected interest rate and pushed a possible increase to 2014. The announcement cited excess capacity and soft inflation as the contributing factors to this decision: Total CPI inflation is expected to remain around 1 per cent in the near term before rising gradually, along with core inflation, to the 2 per cent target in the second half of 2014 as the economy returns to full capacity and inflation expectations remain well-anchored.The Bank also adjusted their economic forecast based on this new information, updating their Monetary Policy Report estimates as follows: Following an estimated 1.9 percent in 2012, the economy is expected to grow by 2.0 percent in 2013 and 2.7 percent in 2014. The Bank now expects the economy to reach fullycapacityin the second half of 2014, later than anticipated in the October Monetary Policy Report.The Bank expects growth to pick up through 2013, citing a rebound in investments and exports as foreign demand strengthens. Consumption is also expected to grow moderately, while residential investments will decline from their recent historically high levels. Reading Between the Lines of the Monetary Policy ReportAccording to January's revised economic outlook, near-historic lending rates from the nation's financial institutions have slowed the growth of household credit from 5.5 percent last year to slightly more than 3 percent in the first quarter of 2013. According to the report, this is the lowest rate of growth since 1999 and reflects a slowdown in the growth of both residential mortgage and consumer credit. This latest release puts the nation's ratio of household debt to income at 165 percent. Canadian mortgage holders and financial experts can review the Bank's statement online here. The full Monetary Policy Report can also be downloaded from the Bank of Canada's website. The next scheduled date for announcing the Bank's overnight rate is March 6th. The next Monetary Policy Report will be released on April 17th. It's also worth noting that Carney will be stepping down as the Bank's Governor on June 1 in order to take the top position with the Bank of England. Stay tuned to the Mortgage Talk Blog for more information on interest and mortgage rate changes.


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