Not really. In most cases, you can get as good of a deal or a better one when you deal with a mortgage broker. This is because typically there is no net cost that is added by the mortgage brokers to the lending process. Mortgage brokers can quickly sift the thousands of different products and programs lenders offer to find you the best deal for your situation. They can also find lenders who specialize in different market niches, which are often avoided by many lenders, so that you are more likely to get your loan approved. If you’ve been declined by a bank or credit union, a mortgage broker is probably your best option.