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…
You’ve got a great range of housing options, everything you need within close reach, and adventures at your doorstep. Kelowna is beautiful in all seasons. You can enjoy the lakefront and beautiful parks or access the wineries, golf courses, or ski hills for outdoorsy people. So, why not pack your bags and relocate to Kelowna?…
As property assessments have increased substantially in the last couple of years across Canada, more people are exploring the options available to access the equity in their property. Whether you want to use your equity to pay down higher interest debts, buy a vacation or rental property, or use it to increase your property…
Although Rampone Marsh is considered a Mortgage Broker in Kelowna, they pride themselves on being a Mortgage Planner as well. What is a Mortgage Broker? What does a Mortgage Broker do? Before we can talk about what a mortgage planner is, we need to know what a mortgage broker is and what they do. A…
In previous years the question of “should I pay down my mortgage sooner or use the funds to invest” was a challenging question to answer. It involved considering your age, your mortgage interest rate, and how comfortable you are with risk rating for investments. But as mortgage rates are at an all-time low, it would…
When we face financial burdens, applying for loans can prove difficult. Life roadblocks and milestones such as divorce, schooling, renovations, and building a family can become costly. While the process of buying a home with bad credit can be complicated, it’s certainly not impossible. We’ve outlined a few important points to keep in mind before…
There were some recent changes to mortgage stress test rates that occurred June 1st, 2021. These updates can affect your mortgage affordability and current purchasing power. This change affects the uninsured mortgage stress test, so it affects those who are putting 20% or more down on their homes. The mortgage qualifying stress test is a…
