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? While your bank offers convenience and potential perks, you're limited to their products.
A mortgage broker is typically free for borrowers, as lenders pay their commission. They save you time by comparing deals from multiple lenders, which is especially helpful for self-employed or complex applicants.
To ensure unbiased advice, the Financial Markets Authority (FMA) recommends asking how your broker is paid.
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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