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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.