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…
Mortgage rates have drawn national attention over the past year as COVID-19 caused a serious drop across North America. Buyers who got into the market at this time were paying as low as 1% with the sharp decline. This lower rate was partly implemented in order to increase lending and keep the economy afloat during…
As the Kelowna housing market grows steadily more competitive, buyers are keen to find ways to increase the odds of their offer being accepted. One way to do so is to make a subject-free offer, or a bid that has no conditions once it is accepted by the seller. While this may seem like an…
Are you wondering what this hot real estate market means for you and your mortgage? You’re not alone! Keep reading our blog to learn more about theOkanagan market and what this could mean for you as a current or future property owner. Despite expectations that it would be slowing through the pandemic, the housing market…
Lennie Rampone, Aaron Marsh and the whole team at Rampone-Marsh Mortgages are thrilled to partner with the Canadian Mental Health Association in Kelowna for the Mental Health Matters Campaign! Fast Facts: The ‘Mental Health Matters’ Campaign Who: Rampone-Marsh Mortgages has teamed up with the CMHA Kelowna for a new initiative to support mental health and…
Deferring your Kelowna mortgage payment in times of uncertainty can be a huge relief to families that need cash flow for necessities, such as food. However, it’s important to remember that deferring one mortgage payment… or five, doesn’t mean that those payments are “waived.” In fact, those payments are added to the principal balance of…
Deferring your Kelowna mortgage payments during the Coronavirus Pandemic and why it’s not for everyone.
