Pros and Cons of using a Mortgage broker

[Kevin Pfeil]

Hey everyone, 

I'm moving to the Madison, AL area and looking to buy my first home to live in and house hack. I currently have two other properties in NY, one that was bought with a conventional loan, and the other was bought in cash. I'm looking to get an FHA loan for this next property that I will live in, so I can pay a smaller down payment (I have the means to pay more, but I like have money in reserves in case something comes up). My question is whether or not I should use a Mortgage broker to help find a loan for this property, or should I just call around to local banks and credit union to get my financing. I'm curious what are some of the pros and cons of using a mortgage broker since I've never used one before. Thanks in advance for any advice or help.