[squiggs96]

I bought a house in 2008 using a mortgage broker. He was fine and got me a decent product. Since then I've purchased three places and I don't see the need for a broker. They aren't getting you a better rate with the bank than you could get yourself. I've found some are restrictive as RBC and CIBC (I might be wrong about this bank) have their own in house brokers and won't pay outside brokers a fee. Thus, the outside brokers you go to won't give you a product from these banks. Brokers aren't able to negotiate extras into deals with banks like TD either.

If you have the time, just contact the banks directly and deal with this yourself. If you don't have the time or patience, then a broker can do this for you. Being that most applications can be done online, and you are filling out the same stuff the broker will ask for, I recommend skipping brokers.

I am in no way saying there aren't good brokers. I'm saying for people with decent credit and employment history, they are unnecessary.