Mortgage Broker vs Bank - The Benefits of a Broker
Working with a mortgage broker has benefits compared to working directly with a bank - and a better rate is only one of them. If you’re reading this, you’re probably looking for a mortgage and trying to figure out why you would work with a broker over working directly with a bank. That’s a fair question - wouldn’t a broker charge for their time? In actuality, a broker is usually only paid a finder’s fee - and potentially a volume bonus - by the bank that funds your mortgage.