Mortgage banker vs. mortgage broker?

Why use a mortgage broker rather than a mortgage banker?

When you go to a bank for a mortgage you may come back with a heap of paperwork but limited options. On the other hand, mortgage brokers aren’t restricted by a single bank’s criteria.  

Mortgage brokers have connections to multiple lenders and can negotiate reduced rates. We will check all possible types of loans to get you a competitive deal. We represent the borrower, not the lender.

How can a mortgage broker help?

Meet with one of our expert advisers to discuss your requirements and current financial situation. We can then assess the market to find the most suitable products.

Once you have chosen a mortgage product that you are happy with, we will take care of the application process. It is that simple.

Why use a mortgage broker?

Using a mortgage broker can save you money. With a tailored approach we make sure you do not overspend, and choose from the widest selection of offerings. As mortgage brokers take care of the paper work for you, using a mortgage broker can be a time saver (let’s face it nobody enjoys paperwork).  

Which is better for me?

There is no right or wrong way to find a mortgage. If you have banked with a certain bank for years you may be eligible for a discount. However, it is important to remember you will still be restricted by fewer options.

If you can’t find the perfect deal through your bank, then consider a mortgage broker. Get in touch with us today and we will be happy to chat and answer any of your questions.

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Posted on October 12, 2018 by Neil Henry, in: Staff posts

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