Mortgage brokers help banks and other financial companies sell mortgage loans to people looking for loans. Brokers have contacts with lenders offering various types of mortgage loans available to even those having difficulty in getting loans, like those with bad credit. Here is a run-down on the pros and cons of using mortgage brokers to get a mortgage loan.   Pros of seeking help from mortgage brokers   If you are going to use the help of mortgage brokers, expect the following benefits to arise from your transaction with them.   1. As mortgage brokers have access to various kinds of loans, you can save money when choosing the best mortgage loan. You just have to wait and sit in the comfort of your homes or offices.     2. They can also get mortgage loans at wholesale and cheaper interest rates.   3. Besides saving money, you also save lots of time. You need not travel or call and visit lenders to learn about loans.   4. Mortgage brokers have more flexibility in providing finances especially if it is difficult for you to get loans due to bad credit.   Cons in using mortgage brokers   Despite so many pros, there are some cons to using mortgage brokers. Some brokers don't have their customers' interests at heart and tend to suggest loans with high rates or terms. They do this because they are paid a better commission if they manage to close such deals. In addition, there are also some brokers who may charge you more than what is required. Some of them do not know much about the mortgage loan process.   To avoid falling into problems with a mortgage broker, it is better to work only with trusted and known ones.