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Old 20.03.2017, 18:35
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Mortgage broker or DYI

Our mortgage is coming up for renewal in a few months. It's been at a fixed rate for last 10 years so we are looking forward to improving on the interest rate.

Comaris.ch just sends you to a broker and I see others feel that you might get a better deal by going that route.

Seems to me that their is going to be a cost using a broker - either a cash payment, or the cost of a broker's commission.

Can they really swing a better deal than a long term bank customer can? We'd prefer to stay where we are and with a fairly long term fixed rate.

Thanks for your views!
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Old 20.03.2017, 18:54
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Re: Mortgage broker or DYI

Brokers normally charge the banks, eating into their already rather fat margins. But double check to be sure that there's no strings attached if you don't take their offer. I don't think you can save much by going to the banks directly - the banks will be happy to charge you same rate and save their margin
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Old 20.03.2017, 19:04
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Re: Mortgage broker or DYI

What I did was tell my lender (ZKB) that they were way too expensive in the current market and that unless they could substantially improve their offer I'd go elsewhere. They did improve it...
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