What does a mortgage broker in Kelowna do?

A Kelowna mortgage broker like Ash Simpson shops your mortgage application across 50+ banks and lenders to find the best rate and terms for your situation. Unlike going directly to one bank, a broker gives you access to the full market — at no cost to you, since brokers are paid by the lender.

Can self-employed people get a mortgage in BC?

Yes. Self-employed Canadians in BC can qualify for mortgages through stated income programs, bank statement mortgages, and Alt-A lenders. Traditional banks often decline self-employed applicants because their taxable income appears low on paper. Ash Simpson at Insight Mortgage specializes in self-employed mortgage solutions that work around this.

Can I get a mortgage in BC with bad credit?

Yes. Ash Simpson works with alternative and private lenders in BC who offer mortgages to borrowers with damaged or limited credit. These solutions can also help you rebuild credit over time and transition back to a traditional lender at renewal.

What areas does Insight Mortgage serve?

Insight Mortgage is based in Kelowna, BC, and serves clients throughout British Columbia and Alberta. Ash Simpson is a licensed mortgage broker in both provinces and works with clients remotely across the country.

How much does it cost to use a mortgage broker in BC?

In most cases, using a mortgage broker in BC is completely free to the borrower. Ash Simpson is paid a commission by the lender when your mortgage closes. For certain alternative or private lending situations, a broker fee may apply — this would always be disclosed upfront.

What is the difference between a mortgage broker and a bank?

A bank can only offer its own mortgage products at its own rates. A mortgage broker like Ash Simpson has access to dozens of lenders — banks, credit unions, trust companies, and alternative lenders — and can shop your application across all of them to find the best fit.

Mortgage Renewal Kelowna — Get a Better Rate

Your mortgage renewal is one of the most valuable opportunities to save money as a homeowner. Most people leave thousands on the table by accepting their bank’s first offer. Ash Simpson shops over 50 lenders on your behalf to ensure the best possible rate — at no cost to you.

Renewal is also the penalty-free time to refinance your mortgage or restructure. Self-employed? See our self-employed mortgage options.

Why You Should Never Just Sign Your Bank Renewal Offer

When your mortgage comes up for renewal, your current lender sends an offer often with a rate significantly higher than what is available elsewhere. Your renewal is the single best time to compare lenders, negotiate your rate, and potentially switch to a better product without paying any penalty. A Kelowna mortgage broker like Ash does this work for you, for free.

When Should You Start Thinking About Mortgage Renewal in Kelowna?

Start the renewal process 90 to 120 days before your current mortgage matures. This gives you time to compare rates, lock in a rate hold if rates are favourable, and switch lenders without rushing. Many Kelowna homeowners wait until they receive the renewal letter and end up with less negotiating power. Ash will monitor the market and alert you when to act.

Can You Switch Lenders at Renewal With No Penalty?

Yes. Switching lenders at your renewal date carries no prepayment penalty because your term has ended. Many Kelowna homeowners save 0.25% to 0.75% or more on their rate by shopping the market. On a $500,000 mortgage, 0.25% savings translates to over $1,200 per year in interest savings.

Frequently Asked Questions — Mortgage Renewal Kelowna

How far in advance should I contact a Kelowna mortgage broker about renewal?

Contact Ash at least 90–120 days before your renewal date to get the best options and rate holds.

Can I change my amortization at renewal?

Yes. Renewal is an excellent time to adjust your amortization, switch payment frequency, or change your term length.

Book Your Mortgage Renewal Consultation — Free

Do not sign your bank renewal letter until you have spoken with Ash Simpson. A quick conversation could save you thousands over your next mortgage term.