A mortgage broker is someone who can help you find out the best deal for your home loan or loan against property. He/she will also help you with the whole process starting from choosing a loan to applying for the same and finally getting it approved with the right documentation. Mortgage brokers usually have access to thousands of lenders and they can actually help you get exclusive deals. You can avail the following benefits by appointing a mortgage broker:Access to hundreds of loan productsFind the most exclusive deal as per your requirementGet personalized service at your doorstep.Save time as all formalities will be done by your brokerNo hidden cost involved as he/she will be explaining all details minutelyGreater flexibility and convenience as the brokers will meet you at your convenienceBut when you approach a bank for home loan or any other loans, you may face the following disadvantages:Spend a lot of time by doing research to choose the right product suitable for youYou need to visit the branch physically and end up spending timeThe entire process will have to be done by you which could result in mistakesThere are chances of your home loan application being rejected in case you don’t fit in their lending criteriaYou may not get the competitive rate on your mortgage loanHowever, the final decision will rest with you.