Offshore Mortgage Broker vs Onshore Mortgage Broker: Which is Right for You?
In the fast-moving property market, choosing the right mortgage broker can be the difference between securing your dream home and missing out. While most borrowers are familiar with onshore mortgage brokers — local professionals who work within the same country — there’s a growing interest in offshore mortgage brokers and outsourced mortgage broker support services. But what’s the real difference? And which is better for your needs or your brokerage business? Let’s compare offshore vs onshore mortgage brokers so you can make the right choice. What is an Onshore Mortgage Broker? An onshore mortgage broker operates in the same country as their clients. They’re licensed locally, know the domestic property market inside-out, and have established relationships with local banks and lenders. Benefits of Onshore Mortgage Brokers: In-depth local market knowledge Ability to meet in person Strong network with domestic lenders Fully compliant with local regulations Limitations: Higher service ...