Mortgage broker myths debunked: How securing a loan has become 'faster, cheaper and easier'

Published On Sep 8, 2024, 3:00 AM

The article discusses the advantages of using independent mortgage brokers over traditional retail lenders such as banks. Industry experts highlight that brokers can provide a more personalized experience, access to a wider range of mortgage products, and typically lower costs. They emphasize that misconceptions about brokers, such as them being more expensive or slower, are outdated and inaccurate. Comparatively, using a broker can save consumers over $10,000 over the life of a loan. This insight is particularly relevant in the wake of persistent inflation and fluctuating mortgage rates, making it crucial for buyers to find effective solutions in a challenging housing market.