It’s good to make sure that your mortgage broker in Ottawa is reviewing the options of each mortgage with you. These options can include the ability to pay the mortgage off faster and the ability to refinance. Also, the penalty calculation the lender uses, the ability to port the mortgage and so on.
Learn more: Prepayment, Porting and Assumable – 3 Mortgage Terms You Should Know

A lower rate with less options may end up being a very costly choice. A costly choice if needing those options down the road and having to pay larger fees or penalties.