^^^
I didn't deal with ScotiaBank just recently to renew my mortgage but with a different bank and also with a broker.
Similar experience - dealing with the bank was much simpler.
I think the problem is that the broker is a "middleman" - they are not 100% sure what information/documentation the lenders they deal with want in each case so they ask you for all possible documentation that might be required plus have you fill out a very detailed application.
I ended up going with the bank even though the rate was slightly higher simply because it wasa lot less hassle.
And if you go for a variable rate, the penalty to break the mortgage and refinance is a lot more palatable than with a fixed rate at a bank - rates are still going down.
I didn't deal with ScotiaBank just recently to renew my mortgage but with a different bank and also with a broker.
Similar experience - dealing with the bank was much simpler.
I think the problem is that the broker is a "middleman" - they are not 100% sure what information/documentation the lenders they deal with want in each case so they ask you for all possible documentation that might be required plus have you fill out a very detailed application.
I ended up going with the bank even though the rate was slightly higher simply because it wasa lot less hassle.
And if you go for a variable rate, the penalty to break the mortgage and refinance is a lot more palatable than with a fixed rate at a bank - rates are still going down.