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 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).
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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