A mortgage broker is a professional who seeks the best mortgage terms for you. Using a mortgage broker provides a personalized service for all of your financing. A mortgage broker has access to many lenders, with each lender offering different programs to fit your needs . This provides you more options, not just the cookie cutter options your bank maybe offering. While a broker may have relationships with the country's biggest lenders, a mortgage broker is not beholden to any of them. A broker is beholden only to you, the client.

Also a mortgage broker's expertise can save you time and money. (Two precious things today.) Some people don't want to spend the time and energy seeking out the best mortgage, by contacting a range of lenders, obtaining information about interest rates, fees and closing costs, and comparing available loans. A mortgage broker can perform those tasks for you.

Finally, as mentioned above one of the biggest advantages to having a mortgage broker is personalized service. With retail banks, borrowers often endure long, stressful and occasionally fruitless meetings and conversations with a variety of different bank personnel in a institutional environment. The mortgage broker puts the borrower more at ease.