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Whats the difference between a mortgage broker, financial adviser and bank representative?

asked by Darwin The First posted 1 Years ago at 18:47
I'm looking to take out a mortgage and went into my bank who tell me they can organise the mortgage. Friends tell me to go to a mortgage broker because thats what they specialise in and might get me a better deal. I read about financial advisers arranging mortgages also. So I'm getting a bit confused as to what or who is best?

Thanks for any answers!
1-3 of 3 Answers
Grant Wilson answered 1 Years ago at 19:00
A mortgage broker specialises in mortgages only, whereas a financial adviser normally has a greater range, dealing with pension, investments and overall financial planning which may also include mortgages. A bank representative only deals with the banks products, so bascically they can only sell their own stuff.
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Mr Knowledge answered 1 Years ago at 20:50
A mortgage broker specialises in mortgages and a financial adviser is much more of a planner with qualifications such as a degree in business rather thwn a salesperson.
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Moneymaker answered 1 Years ago at 17:14
While I agree with both of you I don't think you can say that some advisers are not sales people or that they all have degrees!
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