FAQ

We are passionate about educating our clients on the entire mortgage process.

 

That way you can choose the right mortgage for you. 

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Why do you need a 90-day history of my down payment?

Why do you need a 90-day history of my down payment?

Due to the Money Laundering and Terrorist Act of Canada, our lenders require a 90 day history of your personal savings being used for the down payment to confirm the source of those funds.

What documentation is required to provide proof of down payment?

What documentation is required to provide proof of down payment?

 

A 90-day history of any account you want to use towards your down payment. 

What if I have money in multiple accounts?

What if I have money in multiple accounts?

 

If you have money in several accounts that you intend to use towards the down payment then you will need to provide a 90-day history of each account.

LEARN MORE​

 

In the following video series, Jewels sits down with Brendan Stoneman of Re/Max Kelowna to discuss a number of common mortgage related questions, insights and tips. 

Fixed vs. Variable Rate Mortgages

 

Does it make more sense to go with a fixed rate mortgage or variable mortgage?

 

In this video Jewels and Brendan Stoneman discuss the differences of these two mortgage products and some of the pros and cons to each.

Tips When Renewing Your Mortgage

 

Are you looking for Tips When Renewing Your Mortgage?

Be sure to avoid this common mistake!

What is the Second Home Down Payment Requirement?

 

Are you interested in Buying a second home?

 

What Is The Second Home Down Payment Requirement in Kelowna BC.

Pre-Qualified vs Pre-Approved: What's the Difference?

 

The difference doesn't sound like much, but it is pretty dramatic!

In this video, Brendan Stoneman of Remax Kelowna sits down with  Jewels to discuss the difference between being pre-qualified for financing and pre-approved for financing.

Using Rental Income to Qualify for a Mortgage

 

Does it matter, in the eyes of the lender, if the suite is legal or illegal?

Can rental income from short term or vacation rentals help as well? Do certain lenders calculate this rental income differently than others? Watch this short video to find out!

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