Is it better to use a lender or mortgage broker?
A mortgage broker can offer a wider array of options and streamline the mortgage process, but working directly with a bank gives you more control and costs less. Whether it's better to work with a mortgage broker or get a home loan directly from a bank depends on your financial situation and your preferences.
Is it better to use a local mortgage broker?
With a local mortgage broker, you're able to have face-to-face interaction. They're able to meet with you one-on-one to discuss goals and address challenges. These in-person meetings can increase your comfort level on the sensitive subject of mortgage payments and finances.
Is it OK to use a mortgage broker?
Working with a mortgage broker can save you time and fees. Cons to consider include that a broker's interests may not be aligned with your own, you may not get the best deal, and they may not guarantee estimates. Take the time to contact lenders directly to find out first hand what mortgages may be available to you.
What is the benefit of using a mortgage broker?
Pros of working with a mortgage broker A mortgage broker may be able to get you a lower interest rate and lower fees. Brokers have access to a broader assortment of loans and lenders and may be able to find a better deal than you could get for yourself. A broker can save you time.