It's a fair question, and the honest answer is: it depends on your situation. Here's what a broker actually does differently from a bank, so you can decide which fits your purchase or refinance.
A bank lends its own money (or sells the loan after origination) and offers its own set of programs and rate sheet. If your scenario is straightforward — strong credit, standard income documentation, conventional loan amount — a bank's offering may be perfectly competitive.
A broker shops your loan across multiple wholesale lenders rather than offering a single rate sheet — which often means more program options and more competitive pricing, particularly for scenarios a single bank may not specialize in: jumbo loans, non-QM/DSCR programs, or asset-based qualification.
A bank can be simpler if your scenario is standard and you already have a relationship there. A broker typically adds the most value when your situation benefits from comparison shopping or a specialty program — which is common in Scottsdale's higher-value, more complex financing market.
Not sure which path fits your situation? Mortgage Broker Scottsdale will walk through your specific scenario honestly — reach out to discuss.
No obligation. A private discussion about your financing, on your timeline.