Everyone knows it’s extremely important to get pre-approved for a mortgage before you begin looking at houses. But how do you start? Where do you begin to shop around? Well, there are basically two answers to that question: banks, and mortgage brokers. So, which is better? Which one is better at looking out for you, and which one will provide you with better rates? Check out this infographic by Scott Dawson for some surprising data:
-92% of people say that brokers have equal, better or much better rates than banks. They are also much better at helping clients understand the mortgage options available to them.
That being said, consider mortgage brokers are you are shopping around for your loan.