Basically, a refinance quote is representative of all of the Canadian lending institutions in Canada. Their function is very similar to that of an insurance broker. A bank representative that works in one particular lending institution is employed by that bank and is aware of every mortgage product that their bank offers. Therefore, when you go into your bank for a mortgage the representative analyzes your situation and chooses the best product their bank offers for your needs. Refinance quotes act as agents for all Canadian banks, Credit Unions, Trust Companies, finance companies, and individual private lenders. Subsequently, when you visit a refinance quote for mortgage financing they analyze your specific situation and choose the best product from one of the 50 Canadian lending institutions at their disposal.