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 is a key step for home buyers. Banks offer convenience and potential perks if you have an existing relationship, but you are limited to their products.
A mortgage broker shops multiple lenders for you, saving time and potentially finding a better deal. This service is usually free for borrowers. They are especially helpful for complex situations, like being self-employed. The FMA recommends asking about their commissions 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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