15 - Mortgage guide episode 6: Should a broker or banker arrange your home loan?

In the sixth and last of a series dedicated to translating the jargon-filled mortgage process, Marc Shoffman and Joshua Gerstler explain whether to use a broker or go direct when applying for a home loan.What is the difference between a mortgage broker and using a bank? How much will mortgage advice cost?What are the pros and cons of a mortgage broker?What are the pros and cons of going direct to the bank?About usThe In For A Penny podcast is produced and presented by freelance personal finance journalist Marc Shoffman and The Orchard Practice financial planner Joshua Gerstler.Each episode aims to address the confusing concepts and challenges from the world of business, finance and wider society.How to leave a reviewApple devices:Launch the Apple Podcast app on your smartphoneSearch for the In For A Penny PodcastClick on the artwork and tap the reviews tab to leave feedbackTap on the stars to leave a ratingClick sendYou may need to sign in to iTunes to do thisAndroid devices:Download the Podbean appSearch for the In For A Penny podcastLeave a review via the comments tabYou can also comment directly on our Podbean profile on a desktop computer@marcshoffman@joshgerstler@inforapennypod1Support this show http://supporter.acast.com/inforapennypodcast. Hosted on Acast. See acast.com/privacy for more information.