They will also pre-qualify you and let you know if there's a problem upfront.
I recommend using a broker.
The assumption that going directly to the bank, instead of using a broker, saves money is just not true, and I believe the opposite is more often the case.
The also applies when you go looking for insurance. Usually you can get a better deal with an insurance broker instead of showing up at a storefront of one of the big insurance companies and buying a policy. I've done it both ways.
If you would like a list of mortgage brokers, send me an email.
Karla Harby, VP, Lic. Real Estate Salesperson
Charles Rutenberg Realty NYC