Buying a house can be complicated enough, but trying to sort out which mortgage is best, what the different rates are, etc, can be like trying to pick your way through a minefield. That's why using a mortgage broker is such a good idea and one that more and more home buyers are starting to do.
Unlike previous generations, which were content to arrange their mortgage through their banks for the majority of home buyers, today's buyers have different needs. It is better to use a broker than search for offers on your own. If you want to know more about mortgage brokers then you can visit https://www.loanmarketselwyn.co.nz/.
Why use a mortgage broker?
A mortgage broker is a licensed professional who has been trained for years to become an expert in mortgages. They are regulated by the Financial Services Authority (FSA) and must follow a set of guidelines. This covers the information they provide and the ethical decisions that they make about any financial advice they offer.
They are often independent and can offer impartial advice to potential home buyers. A broker may be part of a company but you should still have more options when it comes down to which type of mortgage you want and with whom. This is in contrast to banks and building society, which will try to arrange your mortgage only with them. The extra costs of using a broker are well worth it.