Going for a mortgage requires a lot of planning and thinking on your part (since you would want to get the best mortgage deal in the town). However, not everyone is so conversant with the mortgage industry so as to be able get the best mortgage deal. Moreover, there are tips and tricks that you would not know of in any case (unless you yourself worked in the mortgage industry). This is where mortgage brokers come in. To understand this better, lets start with asking what mortgage brokers do? Mortgage brokers are not mortgage lenders (i.e. mortgage brokers do not lend money). Mortgage brokers, as the name suggests are the middlemen or the link between the mortgage borrower and the mortgage lender. Mortgage brokers help people in getting the mortgage they need especially people who are not familiar with mortgaging as such. So mortgage brokers collect the requirements from you and look around for the mortgage deals for you (on your behalf). Well, when we say look around, we dont mean that they are someone who has no idea of the deals available in market. Mortgage brokers, from their experience in the mortgage industry, would already have an idea of what deals suit you most; after all they cater to the needs of so many people everyday. In fact, this is why its important that you choose the mortgage broker carefully. A mortgage broker who has no prior experience in the mortgage industry would really be of no use. A mortgage broker who is too busy i.e. who doesnt have enough staff to cater to your queries etc, is not going to be very useful either. Such a mortgage broker would not have time to answer your queries or even do a proper research on mortgage deals that would suit you. So an experienced mortgage broker would already know about the best deals in the market and can suggest you one that caters the best to your requirements. A lot of mortgage brokers operate online. Here we are referring to websites that provide you with the facility of doing your mortgage calculations and also of getting the mortgage quotes online (thus we can classify them as mortgage brokers too). Generally, mortgage brokers have ties with various mortgage lenders. This trust between the mortgage brokers and mortgage lenders can help in making the mortgage transaction very smooth for you and also get you the best possible deal. So the fee that the mortgage broker charges might be more than justified (since it might get you a deal which you would have never got by looking around by yourself). The key is to choose a reputable mortgage broker.