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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 Centres
#201 – 1505 Harvey Ave.
Kelowna, BC V1Y 6G1
(250) 448-6272

Creative Mortgage Corp.
592 K.L.O. Road
Kelowna, BC
(250) 717-8949

The Mortgage Centre

313-1664 Richter Street
Kelowna, BC V1Y 8N3
(250) 878-6127


   Capri Mortgage Corporation
210-347 Leon Ave.
Kelowna, BC V1Y 8C7
(250) 861-7070

Centum Venture Mortgage Group
202 – 1634 Harvey Ave.
Kelowna, BC V1Y 6G2
(250) 763-8998

Mortgage Intelligence
(250) 862-1802
   Interior Savings Credit Union
300-678 Bernard Ave.
Kelowna, BC
(250) 762-4355

Mortgage Connection
103-1553 Harvey Ave.
Kelowna, BC V1Y 6G1
(250) 861-7050

Invis Mortgages

5-1445 Harvey Ave.
Kelowna, BC V1Y 6E9
(250) 861-5055