Kelowna Mortgage Brokers Blue Rectangle

What to Bring

Home Mortgage Kelowna

Valid photo identification

Home Mortgage Kelowna

Bank/asset statements for the last 3 months on all chequings, savings, stock, mutual funds, RRSP’s, 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.

Kelowna Mortgage Brokers Grey Rectangle
Kelowna Mortgage Brokers Blue Rectangle
Kelowna Mortgage Brokers FAQ Icon

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

What is mortgage life insurance?

Mortgage life insurance provides coverage that would pay off in the event of death or disability of the home owner. Contact our office in Kelowna for more information and to find out about your mortgage life insurance options.

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!

My bank declined me. Can I still get a mortgage?

It’s possible. After we analyze your own situation we’ll discuss what possibilities are available to you. However, lenders that deal with non-standard credit usually charge a higher rate than normal bank approved credit.

What is an appraisal?

A written analysis prepared by a qualified appraiser and estimating the value of a property. The Appraised Value is an opinion of a property’s fair market value, based on an appraiser’s knowledge, experience, and analysis of the property.

What is a down payment?

Part of the purchase price of a property that is paid in cash and not financed with a mortgage.

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.

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.

Why is an appraisal necessary?

Every conventional mortgage that includes a minimum 20% down payment requires an appraisal because the mortgage is uninsured. The lender wants to see that your purchase price is in line with the property’s fair market value. Lenders want to see that you are purchasing a quality property and that they will be able to recuperate the full amount if you default on the loan.

Are you Accredited?

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

Kelowna Mortgage Brokers Blue Rectangle
Kelowna Mortgage Brokers Grey Rectangle
kelowna mortgage brokers calculator Icon

Easily calculate your costs with our
super awesome mortgage calculator.

Kelowna Mortgage Brokers Blue Rectangle
Kelowna Mortgage Brokers Grey Rectangle
Kelowna Mortgage Brokers YouTube icon

Blog + Video

Entertainment and information, all rolled into one!

Kelowna Mortgage Brokers RM Logo

Yeaaaaah mortgage!

Still have questions? Give us a call