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Mortgage broker or bank: what is the difference?

Weighing up a mortgage broker vs bank? A broker compares home loans from a panel of lenders and handles the application. Going direct means one lender's own loans only. Here is who pays, what each owes you, and how to check.

Quiet suburban Australian street of brick and weatherboard houses at dusk, warm light glowing in the front windows

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We are neither.

This page explains both paths so you can choose with clear eyes. We stand outside both of them.

Australian Mortgage Compare is not a lender, not a mortgage broker and not a comparison directory. We do not hold an Australian Credit Licence and we do not recommend particular loans.

No lender pays to appear on this site, and we have no lender partnerships. Our calculators and guides are free and need no sign-up.

If you ask for help comparing home loans, we pass your details, with your consent, to a licensed mortgage broker. That broker may pay us a referral fee, at no cost to you.

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The homes behind every loan

Broker or bank, the end of the road is the same: a home loan secured on a real house. Choose your path, then check the numbers yourself.

Federation brick cottage with a tin roof and front verandah on a tree-lined Australian street in morning light
Row of terrace houses with iron lace balconies in an inner-city Australian suburb in afternoon sun
Weatherboard Queenslander on timber stumps surrounded by a tropical garden in natural daylight
New brick and render family homes along a wide outer-suburban Australian street under a clear sky
Low-rise apartment block with balconies above a leafy Australian footpath in soft evening light

Still weighing it up?

If you would like help comparing home loans, we can pass your details, with your consent, to a licensed mortgage broker.

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