1. Resources

Resources

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What to Bring

Home Mortgage Kelowna

Valid photo identification

Home Mortgage Kelowna

Bank/asset statements for the last 2 months on all checking, savings, stock, mutual funds, IRA, or other liquid assets you would like on your loan application

Home Mortgage Kelowna

Pay stubs for the last 30 days

Home Mortgage Kelowna

Existing mortgage statement (if applicable)

Home Mortgage Kelowna

A copy of the signed real estate contract, if you’ve already made an offer on a home

Do's

Home Mortgage Kelowna

Immediately inform us of any change in your employment, income and asset status.

Home Mortgage Kelowna

Continue making your mortgage or rent payments.

Home Mortgage Kelowna

Stay current on all existing accounts.

Home Mortgage Kelowna

Explain any credit blemishes and credit inquiries.

Don'ts

Apply for new credit or loans.

Close any credit card accounts, max out or over charge on your credit accounts.

Change bank accounts or transfer balances from one account to another

Deposit large amounts of cash into your bank account without proper documentation.

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Applying for a mortgage shouldn’t be hard or confusing,
let’s break this down and make it simple for you!

I’m self-employed and cannot prove my income. Can I still get a mortgage?

Yes! Some lenders use your stated income only to qualify, on approved credit. You still get favourable Canadian mortgage lending rates and, depending on the lender, could get up to 90% financing. Simply complete your Kelowna mortgage application today!

Is it really safe to apply for a mortgage online?

Yes, Rampone-Marsh uses secure software for all their applications.  Applying for a mortgage online with Rampone-Marsh Mortgages is safe and secure. Our online application uses a 128-bit SSL (Secure Sockets Layer) server, that is verified secure by Verisign/RSA. This is the exact same type of system and software that most large banks use to secure your online banking

Should I consider a mortgage to help with debt?

Yes. In fact, this is a common use of a mortgage loan. Many of our customers obtain a mortgage to consolidate credit card debt, renovate their kitchen, or invest.

Why should I get a pre-approved mortgage?

There are several benefits to getting a Pre-Approval before you start searching for your next home.

  • Your mortgage rate will be secured for 120 days. Even if rates go up, yours won’t.
  • You’ll know what you can afford, helping to narrow down the search process.
  • Pre-approval will make you look like a more serious buyer, helping you find a good realtor and can give you negotiating power with the home seller.
  • A mortgage pre-approval will make the final closing faster since you already have most of the work completed.
Can I transfer my mortgage if I buy another home?

Depending on your mortgage lender, yes. Most lenders are now offering options that allow you to take (or “port”) your mortgage with you. Typically you will not be assessed additional fees if the possession period between your old and new home is 60 days or less.

I’ve heard that the more times I get my credit checked, the lower my credit score will be. Is this true?

Yes, the amount of inquiries to your credit bureau report can affect your credit score. One of the advantages of using The Mortgage Centre – BC Direct Mortgages is that we check your credit bureau report only once, and we are able to take your application to more than one lender without doing multiple credit checks.

What makes Rampone-Marsh Mortgages unique to other Mortgage Brokers?

The brokers at Rampone-Marsh Mortgages provide a higher level of service and see value in knowing our clients. We take the time to present you in the best way to the lenders. We are reliable and have a long history of providing great consistent services to our clients. We are your mortgage advisors. We provide the lowest rates that we can find for all of our clients. Roughly 90% of our business is generated because people who have used our services tell others to use our services. We are locally owned, and connected to large national partners.

What does a Mortgage Broker charge?

Typically there is no charge. Our fee is paid by the lenders we secure your mortgage through, not you. In special “credit challenged” circumstances, depending on the length and amount of the loan, we may have to charge a fee. However, we don’t charge our clients in the majority of cases.

What does a Mortgage Broker do?

A Mortgage Broker seeks out financing options for their clients. In other words, they facilitate the mortgage transaction between you and a Lender. Basically a Mortgage Broker offers advice, options and choice.  .They take care of the legwork of searching for the best mortgage product and interest rate by utilizing their network of lenders and financial institutions.

Are you Accredited?

Accredited members of Mortgage Professionals Canada & Mortgage Brokers Association of BC.

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Easily calculate your costs with our
super awesome mortgage calculator.

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Entertainment and information, all rolled into one!

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Yeaaaaah mortgage!

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