Hey there, renters! Big news on the horizon: the Canadian government is considering a major change that could impact how your rent payments affect your credit score. Here’s the lowdown: So, what’s the deal? Well, right now, when you pay your rent on time, it doesn’t really count toward building your credit history. But that…
? Important News Update: ? ? Today, groundbreaking news has emerged from Canada’s banking sector! The Office of the Superintendent of Financial Institutions (OFSI) is taking decisive action to manage the level of debt Canadians are taking on when purchasing homes. This development comes amidst growing concerns about rising house prices and the potential risks…
Looking for a way to access your home equity in Kelowna, Canada? Consider a reverse mortgage with the help of a trusted Kelowna mortgage broker. Unlock the value of your home while staying financially secure.
Brace for big changes in 2025 with BC’s home flipping tax. It targets quick property sales under two years, starting at 20% and tapering to zero. Stay sharp with Rampone-Marsh Mortgages, your Kelowna experts. Let’s navigate this together!
Your home holds more than sentimental value—it’s a potential pathway to financial freedom. Home equity, the difference between your property’s value and mortgage balance, can be harnessed for wealth-building. Consider options like Home Equity Lines of Credit (HELOCs) for flexible borrowing, refinancing for unlocking funds, real estate investment for growth, and debt consolidation for financial…
As the Canadian mortgage market continues to evolve, understanding the nuances between fixed and variable rate mortgages is crucial. 2023 has seen significant shifts in the mortgage sector, influenced by the Bank of Canada’s monetary policies and the broader economic environment. In this article, we’ll explore the latest trends and considerations for choosing between fixed…
Thinking of buying a home? Wondering if a mortgage broker or a bank is the better route? This guide is here to help you understand what a Kelowna mortgage broker does and the perks they bring. What’s a Mortgage Broker?A mortgage broker is like a matchmaker between those wanting a home loan (borrowers) and those…
In the world of finance, Canada usually follows the economic ups and downs of our neighbors to the south, the United States. So, this blog takes a good look at what’s happening in the U.S. because it can tell us a lot about what might happen with Canadian mortgages and home buying. Recently, the U.S….
2023 is finally here. Can you believe it? We all know that the new year is a time for making personal resolutions, evaluating your involvement in memberships and affiliations, writing business plans, and getting back on track with health and fitness. It is also a great time to do a mortgage checkup, and make sure…
When buying a home, this is a question many people want to know the answer to. The most straightforward one is simply – no, you can’t get a mortgage without a down payment. In Canada, it is required to give a minimum 5% down payment in order to get a mortgage. But sometimes you don’t…
Ever wonder what the process a mortgage broker or planner takes to assist you with getting your mortgage? Here at Rampone-Marsh Mortgages, we want to make the process as easy and enjoyable as possible for you. Firstly, The Consultation. Book an intro call with our Senior Mortgage Broker Aaron Marsh or our Senior Mortgage Broker…
When you think of a home, what’s the first thing that comes to mind? For most people, it’s a place of safety and comfort; somewhere they can go to escape the elements, rest after work or school, or just spend time with family. With the support from organizations such as Habitat for Humanity, companies such…
