Buying guide
Mortgage brokers vs banks: what’s best for you?
The pros and cons of working with a mortgage broker vs a bank
AI summary
Choosing between your bank and a mortgage broker for a home loan? A broker acts as an intermediary, comparing deals from multiple lenders to find the best fit for your situation.
This service is usually free for borrowers, as brokers are paid by the lender. They save you time and are ideal for complex finances. Going direct to your bank offers convenience but limits your options. The Financial Markets Authority (FMA) recommends asking key questions before committing to a broker.
What we’ll cover:
Getting a mortgage through your bank
Pros:
Cons:
Is it worth getting a mortgage broker?
What does a mortgage broker do?
Pros:
Cons:
Tips for getting the most out of a mortgage Broker
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