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
Deciding between your bank and a mortgage broker for a home loan? Going directly to your bank can be convenient due to an existing relationship, but you are limited to their offerings.
A mortgage broker shops multiple lenders to find the best deal, often for free as they're paid by the lender. They save you time and are especially helpful for complex situations. The FMA advises asking brokers about their commissions and lender range to ensure unbiased advice.
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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