Mortgage brokers offer access to a wider range of lenders and loan products. Unlike a single lender, a mortgage broker works with multiple lenders and can help borrowers find the most suitable loan based on their financial situation and credit history.

Additionally, mortgage brokers can assist borrowers in navigating the loan application process, including completing necessary paperwork and meeting specific loan requirements. Brokers can also offer guidance on interest rates and loan terms, as well as potential fees and charges.

Mortgage brokers typically earn a commission from the lender once a loan is funded, but this is usually included in the overall cost of the loan and does not result in additional expenses for the borrower. Ultimately, working with a mortgage broker can save borrowers time, money, and potentially help them secure a better loan than they might have found on their own.