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 is a key home-buying decision. While banks offer convenience and may provide perks to existing customers, they only present their own loan products.
A mortgage broker compares deals from multiple lenders, saving you time and effort. This service is typically free for borrowers and is especially useful for self-employed Kiwis or those with complex finances. To ensure transparency, always ask how a broker is paid and why they recommend a specific loan.
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
Author
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