The research continues to show that working with a mortgage broker is better for consumers. Here are some highlights of the most recent study by Polygon Research.
- For loans that were originated in 2023, consumers would save an average of $10,662 per transaction.
- The average rate received by a consumer working with a mortgage broker was 6.58% vs 6.6% from retail banks and lenders.
- They found upfront fees to be lower.
- Veterans save even more – on average $13,432 per loan when they use a broker vs a retail lender.
We believe that what we do, and how we do it, is a better experience for you and a financially smart move.