Stephanie Roughead - Mortgage Professional

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Stephanie Roughead - Mortgage Professional A licensed Mortgage Broker saving you time and money on your purchases, renewals and refinances

“I already have mortgage insurance. Why do I need home insurance too?” 🤔It’s a fair question. The names sound similar, b...
10/08/2026

“I already have mortgage insurance. Why do I need home insurance too?” 🤔

It’s a fair question. The names sound similar, but the coverage does very different jobs.

Mortgage default insurance protects the lender. Home insurance helps protect your property and belongings. Optional mortgage life and disability insurance may help pay off your mortgage or cover payments after a covered event, depending on the policy.
Having one doesn’t mean you have the others, and none covers every situation.

Before you check “insurance” off your list, make sure you know:
• What’s required and what’s optional
• Who or what each policy protects
• What’s excluded from the coverage
• Whether your existing insurance already meets some of your needs

You don’t need to know all the terminology before asking questions. That’s what these conversations are for!

Unsure what insurance your lender is asking for? Send me a message. I can explain the mortgage requirements and help you identify questions to ask your insurance provider.

📧 [email protected]
📞 250-423-9851
🌐 stephanieroughead.ca

Moving to Fernie comes with a bit of a learning curve. You’ll need more gear storage than you ever imagined, some errand...
10/05/2026

Moving to Fernie comes with a bit of a learning curve. You’ll need more gear storage than you ever imagined, some errands require a trip to Cranbrook, and things like neighbourhood, sunlight, winter access, and proximity to trails can matter just as much as the home itself.

There are a few things you only learn once you live here, but having the right local professionals in your corner can make the buying process a whole lot easier.

Thinking about buying in Fernie? Reach out and let’s talk about your budget, financing options, and how to be ready when the right property comes along.

Already living here? What do you wish you had known before moving to Fernie?

You had an accepted offer, completed the inspection and negotiated a lower purchase price after a few concerns came up. ...
09/23/2026

You had an accepted offer, completed the inspection and negotiated a lower purchase price after a few concerns came up. Great news!
But before you remove your financing condition, make sure your mortgage broker or bank knows about the change.

Even though paying less sounds like an obvious win, a significant price reduction may raise questions for the lender. They may want to understand why the price changed, whether the issue affects the property’s value and, in some cases, see the inspection report themselves.

This is especially important when the adjustment is $10,000 or more.
The revised price and the reason behind it should always be disclosed before financing is finalized. Keep your mortgage broker in the loop so they can handle the conversation with the lender before it becomes a last-minute problem.

Questions about the financing process? Reach out anytime.

📞 250-423-9851
📧 [email protected]
🌐 stephanieroughead.ca

Maturing is realizing your first home in Fernie might look a little different than the one you pictured “back home.”It m...
09/17/2026

Maturing is realizing your first home in Fernie might look a little different than the one you pictured “back home.”

It may be smaller, older or need a little work. It might be a condo instead of a detached home, or come with fewer bedrooms and a much bigger price tag.

Everyone comes from a different background, with different circumstances, so naturally, everyone’s path to homeownership looks different too. Your first home doesn’t need to look like anyone else’s, and it doesn’t need to be your forever home.

Sometimes, it’s simply the stepping stone that helps you build equity & move toward what comes next. And that’s a wonderful thing!

Here when you're ready.

Manufactured homes can offer a more affordable way to buy in the Kootenays, but financing one isn’t always as simple as ...
09/14/2026

Manufactured homes can offer a more affordable way to buy in the Kootenays, but financing one isn’t always as simple as looking at the purchase price.

Is the land included? Is the home permanently affixed? Are you leasing the land or renting a pad in a manufactured home park?

Each setup can affect which lenders will consider the property, how the financing is structured & what information will be needed for approval.
It doesn’t mean you can’t finance the home. It just means it’s important to understand exactly what you’re buying before writing an offer.

Found a manufactured home you’re interested in? Send me the listing and I can help you look at the financing side before you move forward.

09/09/2026

Before we fully settle into school lunches, earlier bedtimes & actually knowing what day of the week it is… one last look back at summer. ☀️

And what a summer it was. So many adventures, late nights, laughs, beautiful places & time with some of our favourite people.

I’m ready for the routine that comes with September, but scrolling through these memories has me feeling pretty grateful for a summer very well spent. ❤️

Okay fall, we’re ready for you! 🍂

The Bank of Canada held rates again today, keeping the overnight rate at 2.25% and bank prime at 4.45%.What does that me...
09/02/2026

The Bank of Canada held rates again today, keeping the overnight rate at 2.25% and bank prime at 4.45%.

What does that mean for borrowers?

🏠 Variable-rate mortgages & lines of credit stay the same
📌 No direct impact on fixed mortgage rates

Today’s decision comes as the Bank continues to balance some opposing economic signals. GDP & inflation are both up, which could support a rate increase, but ongoing tariff uncertainty continues to weigh on the outlook.

Most economists are expecting rates to remain on hold through the end of 2026, and potentially into early 2027, with increases possible later in 2027.

But we’ve heard predictions like this before. Economic conditions can change quickly, so for now, it’s still very much a wait & see.

One thing worth watching: variable rates are currently pricing roughly 0.5%–0.9% below fixed rates. For the right borrower, with the cash flow & financial flexibility to handle potential changes, variable can be a very compelling option right now.

As always, there’s no one-size-fits-all answer when it comes to your mortgage. Reach out & we can chat about what makes sense for your situation✨

08/20/2026

Your mortgage, your timeline and your options are personal, so if you’re wondering what any of it means for you, reach out. I’m always happy to chat.

Address

Fernie, BC

Telephone

+12504239851

Website

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