When it comes to getting a mortgage, many Canadians head to their bank. But, I’m here to tell you that option may not be the best move.
Working with a mortgage broker gives you access to more options, smarter strategies, and expert guidance you simply can’t get from a single lender.
I work with clients across Kelowna, Vernon, Penticton, and the surrounding area, and I’m seeing more homebuyers and homeowners turn to brokers this year.
I wanted to share three unique benefits of using a mortgage broker in 2025 and beyond.
The Bank of Canada has kept rates in flux over the last couple of years, and 2025 is no different. Rate changes can happen quickly, making it stressful for borrowers trying to lock in the best deal.
As a mortgage broker in the Okanagan, I have access to multiple lenders. My job is to compare their offers side-by-side, decide which option is best for your situation, and even secure rate holds that protect you if rates rise before your closing date.
This flexibility is something you won’t find at a single bank, and it could mean thousands of dollars in savings over the life of your mortgage.
Not everyone fits the “traditional borrower” box anymore.
Whether you’re self-employed in Kelowna, recently went through a consumer proposal, or experienced a recent divorce, qualifying for a mortgage at a major bank can be tough.
Mortgage brokers work with a wide network of lenders, including those who specialize in unique situations. This opens the door to approval options and competitive terms that you may not have known existed.
I have access to A lenders, B lenders and private lenders. This means that as a broker, I have more opportunities to find a lender that will approve you and your situation.
A mortgage isn’t just a loan… It’s one of the most powerful financial tools you’ll ever use.
This year, more Okanagan homeowners are looking at how their mortgage fits into their bigger financial picture. A broker can help you build a strategy around prepayment options, refinancing opportunities, and home equity access for future needs like renovations, investments, or education. It’s not just about the lowest rate; it’s about making your mortgage work for your long-term goals.
1. Do I need a mortgage broker in Kelowna, Vernon, or Penticton?
If you want access to multiple lenders, personalized mortgage solutions, and expert guidance, a broker is your best option. Unlike banks, brokers aren’t tied to one product. I can shop around to find you the best fit. Just because I live in Kelowna doesn’t mean you have to either. I’ve helped people from BC to Nova Scotia get approved for mortgages.
2. How much does it cost to use a mortgage broker in BC?
Using a mortgage broker is completely free for the borrower. Brokers are typically paid by the lender once your mortgage is finalized. That means you get professional advice and a wider range of options without any cost.
3. Can a mortgage broker help if I’ve been turned down by a bank?
Yes!
As a broker, I work with lenders who specialize in unique financial situations, such as self-employment, lower credit scores, or recent consumer proposals. Even if a bank says “no,” I could still be able to help you secure financing. Don’t let a no elsewhere stop you from getting a mortgage.
4. Is it better to use a mortgage broker or go directly to a bank?
As a broker, I have access to dozens of lenders and their rates. Your bank only has access to their bank’s rate.
This means a broker can compare rates, terms, and features to find the best mortgage for your situation. It always makes sense to reach out to a broker first before locking it in with your bank.
5. Can Mortgage Okanagan help with mortgage renewals and refinancing?
Absolutely. Whether you’re renewing in Kelowna, refinancing in Vernon, or exploring equity options in Penticton, I can help you make the most of your mortgage and your home’s value.
Meet Matthew, the mortgage broker.
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If you’re ready to work with a mortgage broker, reach out to me today. We’ll go through your situation and I’ll show you what rate options I can get for you. Together, let’s discuss the options and decide on the right one for you. Give me a call at 250-826-3111, apply on my website or contact me through my online contact form to start the process today.
Let’s get your application off the ground.
