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What’s the difference between a bank and a mortgage broker?

The difference between a bank and a mortgage broker is that a bank can only offer loans that they themselves provide. A mortgage broker is a qualified professional who is able to compare different loan products from a wide range of lenders to try and secure a product which is best suited to your individual personal and financial circumstances.

A mortgage broker can also guide you through the application process and talk to banks on your behalf to try and secure the best loan for you (sometimes below advertised prices).