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The difference
between a Bank and Mortgage Broker
The mortgage experts
at a bank, credit union or other lending institution are
employees who work to sell products and mortgage programs
that are available from their employer. They often have
a large number of loan types to choose from but all of the
loans come from the same lending institution.
A mortgage broker is
a professional who is paid a fee to bring a borrower and
a lender together. They work with many lenders as freelance
agents and scout out the best possible loan for your situation.
Local banks often understand
the local real estate market better whereas distant lenders
may delay closing until questions are answered. However,
mortgage brokers can often find a lender that makes loans
that the bank refuses. Banks tend to lean more towards the
conservative side of lending and often have tighter criteria
then some of the options that a Mortgage Broker can find.
Either way the
most important decision for a buyer is the rate, terms and
closing costs. Work with someone who will give you the best
service and the best deal.
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Banks/Credit
Unions in Kelowna
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TD
Canada Trust
150 - 1950 Harvey Ave.
Kelowna, BC V1Y 8J8
(250) 762-4142
BMO
Bank of Montreal
294 Bernard Ave.
Kelowna, BC V1Y 6N4
(250) 861-1609
Scotia bank
488 Bernard Ave.
Kelowna, BC V1Y 6N7
(250) 712-4055 |
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RBC
Royal Bank
1840 Cooper Road
Kelowna, BC V1Y 8K5
(250) 860-3727
HSBC Bank Canada
384 Bernard Ave.
Kelowna, BC V1Y 6N5
(250) 763-3939
CIBC
3039 Pandosy
Kelowna, BC V1Y 1W2
(250) 470-1670
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Canadian
Western Bank
Main Floor – 1674 Bertram St.
Kelowna, BC V1Y 9G4
(250) 862-8008
Prospera Credit Union
100-2106 Harvey Ave.
Kelowna, BC V1Y 6G8
(250) 869-3600
Valley First Financial Group
507 Bernard Ave.
Kelowna, BC V1Y 6N9
(250) 860-1900 |
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Mortgage Brokers in Kelowna
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Dominion Lending Centre
Chris Murphy
#201 – 1505 Harvey Ave.
Kelowna, BC V1Y 6G1
250-448-6272
cmurphy@dominionlending.ca
TD Canada Trust
Christine Dawson
(250) 864-8521
christine.dawson@td.com |
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Lending Max
Tammy Cartier
212-1980 Cooper Road
Kelowna, BC V1Y 8K5
250-448-7448
tcartier@lendingmax.ca
Royal Bank
Linda Dumka
(250) 718-1070
linda.dumka@rbc.com |
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Online Mortgage BC
Dean Larson
710 Sutherland Ave.
Kelowna, BC V1Y 5X5
250-869-2200
deanlarson@onlinemortgagepros.ca
Scotia Bank
John Antle
(250) 212-8512
john.antle@scotiabank.com
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