Mortgage broker: definition
A mortgage broker is an independent intermediary, free for you, who compares offers from different banks and insurers (lenders) to find the best financing terms for your home purchase project.
What does a mortgage broker do for you?
They help you prepare your application, negotiate rates, choose the mortgage structure (fixed, variable – SARON, mixed) and anticipate certain tax aspects. Their goal is to save you time, money, and peace of mind by creating competition between lenders instead of limiting you to your usual bank. They are paid by the lender and cost you nothing at all. Find out how a professional mortgage broker can help you.
The benefit of having a mortgage broker by your side
A couple wants to buy a house in Lausanne. Rather than consulting just one bank, they hire a mortgage broker. The broker submits the application to several partners, obtains multiple proposals, and compares them with the couple. In the end, the negotiated rate is significantly more attractive than the initial offer from their bank.
