If you need help refinancing your home, the best person to turn to is a good mortgage broker. A mortgage advisor is not the same as a mortgage lender. When you apply for refinancing directly through a bank or mortgage company, you are only considered for the mortgage loan products offered by that company. With a mortgage advisor, however, you have access to refinancing options from dozens of different mortgage lenders.Because mortgage brokers are only paid if they are able to obtain financing for you, most of them are willing to help you increase your chances of qualifying for a mortgage by examining your credit report, income and other information and telling you what needs to be done to be approved for refinancing.Mortgage brokers work with many different lenders, so they are aware of the different requirements each lender has for different types of mortgages. This works in your favor because the mortgage broker can often tell you which lenders you have the best chance of being approved by. This is especially helpful if you have credit issues because you can avoid applying to lenders who won’t consider someone with a low credit score.People with bad credit are not the only ones who can benefit from working with a mortgage broker. Mortgage brokers can also help those with good or excellent credit find the best possible rates and terms for refinancing. They can also help point out things that might improve the interest rate or terms that are offered.Since mortgage advisors are much more knowledgeable about the mortgage process than the average home buyer, they can provide insight about a person’s income and debt ratios. Most people are not aware that there are specific ratios used by most mortgage lenders to determine eligibility in addition to evaluation of the credit score. Most mortgage advisors know the typical percentages that are permitted for these debt-to-income ratios, as well as any deviations from the norm required by certain lenders.Regardless of your credit score, working with a mortgage advisor is usually the best way to ensure that you will be able to find the best refinancing deal available to you.