These are expenses over and above the price of the property that are incurred by buyers and sellers when transferring ownership of a property. Closing costs normally include an origination fee, property taxes, charges for title insurance and escrow costs, appraisal fees, etc. Closing costs will vary according to the area country and the lenders used.
The CMHC Purchase Plus Improvement Mortgage or the CMHC Improvements program is an excellent option not many people are aware of.


Contact Rampone-Marsh Mortgages for more information about the CMHC Purchase Plus Improvements or CMHC Improvements programs and find out how you can get the house you love and customize it so that it matches your ideal image of a home.

Applying for a mortgage shouldn’t be hard or confusing,
Why is a mortgage insurance premium necessary?
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.
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.

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Thank you.
Garnet Dickinson
Carrie Mayhew

Karyn Mackenzie

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Here’s some more on The Purchase Plus Improvement Mortgage !

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