Mortgage brokers vs banks: what’s best for you?

Deciding between a mortgage broker and your bank? A broker shops multiple lenders to find the best deal, saving you time. This service is usually free for borrowers and is ideal for those with complex finances, like the self-employed.

Going direct to your bank can leverage an existing relationship for perks like cashback or waived fees. However, you're limited to their products and not all banks work with brokers. Always ask questions recommended by the Financial Markets Authority (FMA).