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 a mortgage broker and your bank? Going direct to your bank is convenient if you have an existing relationship and may include perks like cashback offers.
A mortgage broker is typically free for borrowers and saves time by comparing deals from multiple lenders. They offer expert advice and are especially helpful for complex situations, like being self-employed. The FMA recommends asking how your broker is paid to ensure you receive impartial 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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