The best mortgage brokers are able to offer you a range of products, rather than just the one typically offered by your bank. Working with a broker has other advantages too. A broker is better able to find loans available that suit a particular situation, such as low credit or a lower down payment. Your mortgage broker may also be able to negotiate a better rate or a specific deal for you, something your bank probably won’t do. Brokers also make a point of keeping up with trends and new products in the mortgage industry. They can guide you through the process, from finding the right loan to closing on your home. And shopping around for the loan that works for you can be time consuming and confusing; much better to work with a broker and let them do the work for you.