Why Use a Broker?
We shop over 200 lenders to find the best rate and loan program
We save you money
We can handle more complex situations with deep knowledge and more loan options
Average Savings with a Mortgage Broker
Interest Rate Savings
0.25% to 0.5% lower than most banks
A 0.25% reduction on a $400,000 loan can be up to $20,000 over the 30 year term
Lower Fees
Reduced or waived Application fees, Valuation fees and Settlement fees
Estimated savings: $500–$2,000 upfront, depending on lender
More Flexible Loan Structures
Specialist lenders for self-employed or lower-credit borrowers
More flexible loan terms, e.g., offset accounts, interest-only periods
$10,662* - ALL BORROWERS
$13,432* - VETERAN BORROWERS
Bank vs
Loan Options
Limited to the bank’s own products
Interest Rates
May offer competitive rates if you negotiate
Flexibility
Less flexible—tougher for complex situations
Advice Provided
Product-focused advice
Approval Chances
Lower if your profile doesn’t fit the bank’s model
Fee Transparency
Fees may be less flexible or disclosed late
Service Model
Transactional—less personalized
Time & convenience
Requires you to shop around
Ongoing Support
Limited once loan is funded
Mortgage Broker
Access to 200+ lenders and a wide range of products
Often lower rates due to lender competition
More flexible—good for self-employed, credit issues
Personalized, strategic advice across lenders
Higher due to more lending options and custom fit
Brokers disclose all fees upfront and compare options
Relationship-focused, tailored to your goals
One-stop shop—broker does the shopping for you
Ongoing check-ins and refinancing guidance