Should I use a mortgage broker?
Yes, you should at least consult a mortgage broker. If anything, using a mortgage broker provides you with peace of mind. Even if you end up staying put at your current bank, at least you’ll have done your due diligence and you know you’re getting a good deal on your mortgage.
Likewise, you might even be able to get a lower mortgage rate with your current lender by shopping around with a broker. But rates aren’t everything, and a broker can also look at the various terms that suit your need—maybe you need prepay options, or a more flexible payment schedule.