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Get it approved and get it done

Get it approved and get it done.

Just a quick tidbit to keep you informed on the importance of getting locked in guaranteed mortgage rates.

If you are considering getting an investment property or even if your principal place of residence has its mortgage up for then renewal then it is imperative that you continue to get locked in mortgage rates from either your mortgage broker or main bank. You can request this guarantee and it should be locked in for approximately 90 days. If it is a mortgage renewal then you must wait for 90 days prior to the maturity date before shopping around.

This can work to your benefit when rates are fluctuating and the prime rate is expected to rise. Also, remember that the media normally lets you know at least one week in advance if the prime rate is expected to raise.