Over 50% of Americans do. Many times mortgages brokers can often receive better rates etc. from the banks, as opposed to you, the Borrower, going directly through that same bank.

The reason?

The mortgage broker does all of the paper work and the leg work on a file for the bank. If the bank had to use their own support staff to do the work that the mortgage broker does, the bank would incur considerable overhead costs.

In addition, the mortgage broker can offer the borrower a more extensive choice of loan programs and access to more affordable loans. When obtaining financing though a bank you are limited to only their products and services.

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