A commitment from a lender to guarantee a specific mortgage interest rate for a set period, typically 90 to 120 days. Rate holds protect borrowers from increases while searching for a property or completing a purchase.
Related Articles
- 7 DSCR Loan Mistakes That Get Your Application Denied
Avoid these 7 critical DSCR loan mistakes that cause denials. What experienced investors do differently to get approved faster with better rates and terms.
- DSCR Loan Rates 2026: Current Ranges and How to Save
Current DSCR loan rate ranges and what factors affect your rate. Proven strategies to secure the lowest possible interest rate on your investment property loan.
- Mortgage Renewal Strategy for Investors: Don't Just Auto-Renew
Stop auto-renewing your investment property mortgages. Learn renewal negotiation tactics, rate shopping timelines, lender switching strategies, and.
- Maternity Leave Mortgage Canada: Yes, You Can Qualify
Get mortgage approval while on maternity leave in Canada. Lender requirements, return-to-work letter tips, income verification, and which lenders count mat.
- 3 Types of Mortgage Pre-Approval Canada: Which Protects You?
Learn the 3 types of mortgage pre-approval in Canada: verbal, rate hold, and fully underwritten. Only one actually locks your rate and guarantees financing.