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