mortgage brokers pretend they are trying to help u but in turn they screw u. if u can get a loan through a mortgage broker then don't u think u can get the same loan if u went to the bank directly? where do u think the mortgage broker gets the loan approved from? a mortgage broker will charge u more on closing cost for ur loan so he can pocket the rest of the money and plus he gets a cut form the bank too. If u go the the bank they just charge u about 1500 for the loan processing and appraisal and about another 1500 for ur title and ur closing cost which the escrow company charges. that should be ur total closing cost plus few hundred more for wire tranfer, notary, taxes but should not be more then $3500-4000 in total (bank and escrow closing costs). but if u go to the broker he'll tell u that the closing cost is 3% of the property value which comes out to be more. and so other then the above mentioned charges the broker pockets the rest of ur money.