A mortgage broker and a bank are both options for obtaining a mortgage loan, and each has its own advantages and disadvantages. Using a mortgage broker like City Creek Mortgage can be beneficial because brokers have access to a wide range of mortgage products from different lenders. This means that we can help you find the best mortgage for your needs and circumstances, saving you time by shopping around and comparing offers from multiple lenders for you. Additionally, we can help you navigate the mortgage process, offering guidance and advice. We can also help you understand the different types of mortgages available, explain the terms and conditions of each one, and help you choose the best option. On the other hand, some people prefer to use their own bank as a lender because they already have a relationship with the bank and trust the institution. Banks may also offer special deals or discounts to their existing customers, and you may be able to take advantage of these if you have an account with the bank. The tradeoff is, because banks have to spread risk across their lending products (including auto, and other loans), bank mortgage rates are typically higher than rates that mortgage brokers have access to. Ultimately, the choice between using a mortgage broker or your bank as a lender depends on your individual needs and circumstances. You should consider factors such as your credit score, financial situation, and the type of mortgage you need before making a decision.