Regardless of mortgage rates, if a down payment is less than 20% of the home or property value, mortgage insurance is mandatory in Kelowna (and across Canada). Mortgages have built-in insurance premiums, so, therefore, the clients do not pay “out of pocket” for this expense. For mortgage lenders, a down payment of this size is more of a risk, so the mortgage insurance premium acts like a guarantee in the event of a default on the loan.
Mortgage Renewal and Refinancing

To refinance or to renew
– this is the question.


Call us and our dedicated professionals will let you know if it’s time for refinancing your mortgage, what options you have and how to proceed in order to get the best value for your money.


Applying for a mortgage shouldn’t be hard or confusing,
What is a down payment?
Part of the purchase price of a property that is paid in cash and not financed with a mortgage.
How long does the mortgage process normally take?
If we are able to get the necessary documentation, we might be able to get an approval in as little as 24 hours. Keep in mind, the longer it takes for us to receive your documents the longer your approval will take to secure. Take a look at our mortgage checklist, for a summary of what you’ll likely need to provide.


You guys, rock!
Thank you.
Carrie Mayhew


Karyn Mackenzie
Garnet Dickinson


Blog + Video
Here’s some more on Mortgage Renewal and Refinancing!


Yeaaaaah mortgage!
Whether you’re self employed, or buying a home for a new family, we have the perfect mortgage option for you.