Why should I go through a mortgage broker if I can just apply for a home loan on my own?

You can =)

But if you started from scratch, you will be journeying through this process:

1) go to the more than 10 financial institutions to find out which has the best rates

2) no one explains what rates are really the best, and every single banker is saying their bank has the best rates. What is really the best?

Total time spent - ~10 hours going bank to bank

Stress endured - unlimited

Use a mortgage broker and you get this:

1. FREE service for you

2. Same rates or better (never lousier!) than if you go directly to the bank

3. At Mortgage Master, we have all the rates at one place, answer all your queries and we marry your risk profile to the rate best suited for you