How Does A Mortgage Rate Lock Work?

It's very straight forward. We can submit a request to one of our participating lenders to lock in or hold their current mortgage rate for you. This Rate Lock is free and you are under no obligation to use it with that lender. Should mortgage rates increase in Alberta your locked in interest rate is guaranteed, and if rates drop you can choose the lower rate. Interest rates an increase very quickly and without notice so it's important to lock in today's low rates while you shop your a home. The benefits are:

  • It's absolutely free.
  • There's no obligation on your part.
  • Your discounted rate is guaranteed for up to 120 days.

Lock in your Mortgage Rate in 3 easy steps