Mortgage Brokers have been around for over twenty years in New Zealand. In this article we look at why you should use a mortgage broker to negotiate your home loan and how a broker might even end up negotiating a better deal for you than you would get from the bank if you went direct!
The introduction of mortgage brokers in the 1990s saw a break from the traditional monopoly of the banks in processing and promoting their own products exclusively. The first careful steps for mortgage brokers in New Zealand were taken in about 1990 and at first one or two banks only embraced the change. Indeed, such has been the expansion of the broker market that mortgage brokers are now the lar