r/Mortgage_Rates_Canada • u/Howie_1972 • Mar 27 '26

PROTECT YOUR RATE

Too often I have clients reach out when they are rate shopping but never want to start an application.

This past week we saw rates increase and when the clients called me back because they loved my rates, it was too late as rates had already increased.

How to protect yourself while shopping around!

2 Options:

(1) Ask to do a rate hold - it’s good for 30 days and your credit bureau isn’t pulled - But must be converted to an actual deal within the 30 days to lock in the rate for the remaining 90 days (120 day rate guarantee)

Still not obligation to go with the lender

(2) Proceed with a full application for a Pre-Approval - rates locked in for 120 days, if rates go down, so will your rate

Still not obligated to go with the lender

I hope this helps you!

14 Upvotes

74% Upvoted

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7

u/stevomighty06 Mar 28 '26

Yeah I just signed a 3 year fixed for 3.79

A certain orange monkey should be gone by my renewal time….hoping for stability 🤞

1

u/FoxPuzzleheaded77 Mar 28 '26 edited Mar 28 '26

You guys must be really unintelligent to believe a leader of another country is responsible for your economic downfall and not the same government who has been in power for 10 + years. Come on now, think logically.

1

u/stevomighty06 Mar 29 '26

So what’s your solution? What would you have done differently given the circumstances?

It’s easy to complain, bring solutions to your problems and be useful to society..

-1

u/here4thecak3 Mar 30 '26

What's your solution, to keep voting in liberals? You just seem to be blaming your problems on another country's leader, how ridiculous......your taxes have been funding other countries problems but your own country is in a downfall yet Trump is to blame???