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Banks, Credit Unions & Mortgage Brokers

Kelowna BC & The Okanagan Valley

 

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.

 

     
Banks/Credit Unions in Kelowna

     
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
  

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

   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
 


     
Mortgage Brokers in Kelowna

     

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

  

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

  

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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