06/03/2026
🤔 My friend got a lower rate than me. 🤔
Why is that?
➡️ A lot of factors go into determining a mortgage rate, including:
🏠 Credit Score
🏠 Amount of equity or down payment
🏠 Purpose: ex. Purchase, renewal, or refinance
🏠 Date your rate was secured
➡️ We do have some mortgages funding right now at considerably lower rates than are available today.
⁉️ The biggest reason why: the rate was put on hold months ago.
🏘 While every situation is different, the most common reason right now is when a rate was secured.
➡️ Biggest takeaway: Do not leave your mortgage maturity, refinance, or pre-approval to the last minute. We can secure a rate 120 days in advance, which can save you considerably if a rate increase occurs.
❓️Have questions? Please contact me at [email protected] or 613-220-0396