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(Alex Slobodkin/iStockphoto/Alex Slobodkin/iStockphoto)
(Alex Slobodkin/iStockphoto/Alex Slobodkin/iStockphoto)


When does it make sense to pay more for a mortgage? Add to ...

Lenders across Canada kicked off an all-out mortgage war earlier this year when they began offering deeply discounted mortgage rates.

But when does it make sense to pay a slightly higher rate for more flexibility? Are features like increased pre-payment options, open terms, and portability a waste of money or money well spent?

Rob McLister, the Vancouver-based editor of CanadianMortgageTrends.com and a mortgage planner at Mortgage Architects, was here for a live online discussion to discuss this and answer mortgage questions from readers.

Mr. McLister is writing a weekly column for the Globe Investor special month-long Home Buying site. Check out his first column here and his second here.

For a mobile version of the online discussion click here.

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For tips, stories, videos and live chats about what's going on in the real estate market, check out the Globe's Home Buying section for daily updates.

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