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Basics · October 10, 2026

Mortgage Broker vs. Bank: What's the Difference?

A bank can only offer its own loan products. A mortgage broker compares options from many wholesale lenders to find the best fit for you.

Wholesale pricing is often lower than retail bank pricing, which is how brokers deliver luxury-level service at competitive prices.

You also get one point of contact who knows your file, from application to closing day.