3. Higher Approval Chances
Many times, banks have tight lending policies. You might find it difficult to be approved if your income is rather erratic or if your financial background is not perfect. Brokers, however, deal with a variety of lenders, including those that specialise in assisting individuals with non-standard situations.
For instance, a broker can help you find more flexible lenders if you work for yourself or have credit problems. Applications sent through brokers actually have a 20–30% higher likelihood of approval than those forwarded straight to banks.