Many people find it hard in the beginning to gather the money needed to buy a vacation property.

Rampone-Marsh Mortgages | Mortgage Services | Money Icon

But you need to know there are vacation property mortgages that make this option possible. Before that, you need to know and understand that a home/property is a long-term commitment, and there are responsibilities that come along. At Rampone-Marsh Mortgages, you will receive the mortgage loan that suits your needs and helps you finance and buy your second home. With our assistance, you will be one of the many people in Kelowna, BC, that will change their lifestyle to a better one, tailored to their desires.

Rampone-Marsh Mortgages | Mortgage Services | Folder Icon

Did you know that for a second home or for a vacation property you can receive up to 95% of its value?

Well, we assure you it is possible. And although each case is analysed individually, you can receive up to $350.000, this being the maximum loan amount. Usually, the bank has conditions that your future vacation home will need to fulfill, such as heating source, year round access, water supply, electric source and many others. Without all of them, the bank will refuse the vacation property mortgage. That is why it is best to resort to Rampone-Marsh Mortgages. We are able to offer you the necessary guidance for you to satisfy you needs and desires for a vacation home.

Investing in property means not only buying a house.

It could also mean purchasing a vacation home or purchasing houses for rental. Either way, vacation property and property mortgages will offer you the necessary means for making your purchase. More and more Canadians are slowly changing their vacation plans and instead of traveling abroad, they are now resorting to “vacation homes”. No more costly airline tickets, resorts and all sorts of security issues. You can benefit from the vacation property and rental property mortgages and fulfill your dream of having a house in a remote and unspoiled area.

Kelowna Mortgage Brokers Handshake Icon

Rampone-Marsh Mortgages offers you the possibility of choosing from the multiple solutions, which are able to satisfy your needs. Find out how you can get the needed financing for a cottage, how this type of funding could help you and many more.

Kelowna Mortgage Brokers Handshake Icon
kelowna mortgage brokers calculator Icon
Rampone-Marsh Mortgages | Mortgage Services

At Rampone-Marsh Mortgages we believe in finding you the most convenient mortgages in Kelowna, Vernon and all across Canada

Rental Property Mortgages

Kelowna Mortgage Brokers Money Icon

You can think of it as an investment property, that is able to provide both financial and personal benefits. There are the rental benefits if the property is close to local businesses or vacation spots. In addition, this creates an ongoing income and cash flow. You can also consult a tax advisor because there are a lot of tax advantages that you may have with your rental property.

Rampone-Marsh Mortgages | Mortgage Services | Home Icon

Whether you were thinking of purchasing a single family home, a townhome or a multi-family dwelling, you need to consider the additional financial responsibilities and the different loan requirements. Investment property loans usually have a higher interest rate and require a substantial down payment. You also need to have funds to cover the down payment and also closing costs to acquire your investment property. Our Kelowna mortgage consultants can provide you more information about this.

For more information about the vacation and rental property mortgages contact Rampone-Marsh Mortgages. Find out how much money you can receive to fulfill your goals and enhance your family’s lifestyle.

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!

Why use a Mortgage broker instead of my bank?

When you work with your bank, you get one choice- the one they offer you. But there are plenty of other lenders out there that may be able to offer you a product or rate better suited to your unique needs. Every bank says they have the best product or rate, but it’s just not possible for everyone to have the best.

Rampone-Marsh Mortgages is an independently owned Mortgage Brokerage that works for you. Because of our network of lenders, we’re able to present you with a range of choices, allowing you to select the best option. Lenders compete for your business, so you get the best deals. Best of all, you’ll have an experienced mortgage broker to help you make sense of your choices and understand the variety of products and how each one could benefit you.

What minimum down payment do I need?

You can provide as little as 5% of the total price of the home if you have good credit. Even if you have poor credit, we have a network of lenders that are willing to work with poor credit buyers, providing you have a 15-35% down payment.

Why should I choose a Mortgage Broker at Rampone-Marsh Mortgages instead of a bank?

Most banks focus on such a wide variety of projects and cross-selling opportunities that their staff training is diluted and not focused. At Rampone-Marsh Mortgages, we provide excellent mortgage services for purchases, refinances, renewals and the list goes on. We know mortgages inside and out, and best of all we do all of the legwork! In most cases, our services are free and we have access to over 50 lenders.

Kelowna Mortgage Brokers Thumbs icon

You guys, rock!

Thank you.

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

Blog + Video

Here’s some more on Mortgage Renewal and Refinancing!

Kelowna Mortgage Brokers RM Logo

Yeaaaaah mortgage!

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