(250) 801-8834Email UsApply NowMeet With Us
Rampone-Marsh Mortgages | Kelowna Mortgage Brokers

Private Mortgage Lenders in Kelowna, BC

Learn More About Our Services
Kelowna Mortgage Brokers Blue Ellipse logo

Private lending or a private home mortgage means getting the financing you need from a private mortgage lender, as opposed to applying to a bank or other financial institution for a loan.

Rampone-Marsh Mortgages | Mortgage Services | Money Icon

There are advantages and disadvantages to a private mortgage, but the most important thing you should understand is that private lending covers a broad range and can be tailored to each homeowner’s specific needs. Since this is a special type of mortgage or loan, it can be difficult to understand its particularities. If you want to succeed in securing a private loan for your financial needs, you will need guidance and advice from trained specialists. At Rampone-Marsh, we can offer you that guidance, along with convenient offers because we are the best in what we do.

Why would you need the services of
a private mortgage lender?

Most people turn to private lending when they have been refused by the bank for various reasons. The most common reason has a lot to do with bad credit, meaning late payments and a not-so-bright credit history. But there are other reasons why the bank may refuse a loan: the difficulty of the type of loan, the existence of a first mortgage and not enough equity to allow for a second one, etc. Regardless of the reasons, you don’t have to give up just yet. The existence of private lenders may offer people who have been turned down by the bank a second chance.

Kelowna Mortgage Brokers Handshake Icon

Of course, there is no guarantee that if the bank turned you down, a private mortgage lender would automatically accept your proposal. And you should know that interest rates for a private mortgage are higher than for a standard one, but they are still lower than the interest rates of a personal loan, let’s say. If your credit history is not very bright, that interest rate may go up. However, private lending still represents a chance for you to fulfill your dreams and not let financial obstacles stand in your way. And if Rampone-Marsh is your private mortgage broker in Kelowna, you have even bigger chances of securing a private mortgage to help you achieve your goal.

Kelowna Mortgage Brokers Money Icon
kelowna mortgage brokers calculator Icon
Calculate Your Affordability
Calculate Your Payments
Rampone-Marsh Mortgages | Mortgage Services
Get More Info
Call Us First
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!

How long do private mortgages last?

Private mortgages are usually short-term solutions ranging from 6 months to 3 years.

What documents are needed for alternative lending?

Requirements vary but often include bank statements, Notices of Assessment, ID, and proof of income or equity.

How fast can private mortgages be approved?

Private mortgages can often be approved within 24–72 hours depending on documentation and property details.

Go to FAQ page
Kelowna Mortgage Brokers Thumbs icon

Thank you.

read more testimonials
Kelowna Mortgage Brokers Blue Rectangle
Kelowna Mortgage Brokers Grey Rectangle
Kelowna Mortgage Brokers YouTube icon

Here’s some more on Private Lending!

See All

Tired of hearing the “inconsistent income” words?
We get you.

Rampone-Marsh Mortgages | Mortgage Services | Money Icon

We can help you succeed with a tailored mortgage solution for self-employed individuals and small business owners. At Rampone-Marsh, we can guide you in gathering the required documentation, including NOAs, T1 and other tax documents, and your business financials. We will review your credit score and make recommendations to meet lender requirements. We offer expert advice on how to improve your mortgage eligibility, including a discussion of downpayment requirements and ways to strengthen your overall application. Next, we will go out to our network of mortgage lenders who understand non-traditional income streams. We will support you in building a strong mortgage application package that highlights your financial stability.

Rampone-Marsh Mortgages | Mortgage Services | Money Icon

We understand how difficult it is to get home mortgages as a self-employed individual, and we get the frustration that comes with it. After all, you may have a better income than employed people, and your small business may be thriving. But you still get those words when you try to apply for a loan and those two little words hold you down and make it very hard for you to improve your lifestyle and get what you want.

Rampone-Marsh Mortgages | Mortgage Services | Folder Icon

But, nevertheless, it is possible to get self-employed mortgages, and we are here to make sure of it. You will need to provide proof of income to secure a mortgage as a self-employed individual, including a two-year average of Line 150 on your tax return. You will need to have an excellent credit history, ideally without any payment delays and significant debts. There is also other paperwork involved regarding your business, and you will need to be able to provide a down payment of at least 10%.

Start your self-employed mortgage application today.

kelowna mortgage brokers calculator Icon
Calculate Your Affordability
Calculate Your Payments
Rampone-Marsh Mortgages | Mortgage Services
Get More Info
Call Us First
Kelowna Mortgage Brokers YouTube icon

Here’s some more on Self-Employed Mortgages!

See All