By Finance Pulse in Transformative —

Mortgage Broker Use Surges Among First-Time Buyers

Discover why 81% of first-time homebuyers turned to mortgage brokers by 2020, sparking a trend in short-term fixed-rate mortgages.

A sleek, modern illustration of a diverse group of first-time homebuyers discussing mortgage options
Mortgage Broker Use Surges Among First-Time Buyers

The use of mortgage brokers rose from 57% in 2013 to 81% in 2020 among first-time buyers, leading to a rise in short-term fixed mortgages.

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