A house will often be one of our the biggest purchases of our lives, and a mortgage (also called a home loan) is typically going to be your biggest financial commitment. Choosing the right home loan and repaying it quickly can save thousands of dollars – and free you up to achieve other goals faster!

You can use a mortgage broker or go to a bank to get a mortgage to purchase an investment house. So what’s the difference and which one is better for you?

Here are some list of pros and cons in using a using a mortgage broker or alternatively going directly to a bank.

What is a mortgage broker?
A mortgage broker is the middleman between the borrower and the bank or mortgage provider. In New Zealand all mortgage brokers are regulated by Financial Markets Authority.

A mortgage broker will usually offer their services free of charge to t