“So how much does it cost?”
One of the myths that exist in our industry is that you are paying more to use our service than you would by going direct to the bank. That is NOT TRUE! We as mortgage brokers are paid by our lenders, not from you the client.
When you think about it, it does make sense, the lenders have two main ways to sell their home loans, one via the branch network where they have the cost of the branch, and wages for their staff, the other options is via Mortgage Brokers where they only have to pay us when we sell one of their products.
Obviously the benefit we have is the ability to shop around from over 31 different lenders.