Mortgages. They’re one of the largest investments of our lives, and they can be both stressful and complicated. With a constant fluctuation of market conditions, it can be hard to feel secure and make a financially sound decision.

A guaranteed mortgage rate, or “locked-in rate” is a offer available from a lender that guarantees that the rate you agree to at the start of a mortgage review process will be the rate you will receive at the end – no matter what happens in the market.

There are multiple benefits to a guaranteed mortgage rate:

1. Cost Savings - By locking in a rate, you’re ensuring that the costs associated with your loan remain the same, which can potentially reduce the total amount you need to pay over the life of the loan.

2. Easier Planning - With a guaranteed rate, you can budget more easily, since you know the exact rate you’ll be receiving in advance. This makes it much easier to plan your finances and determine your monthly payment, without having to worry about sudden rate fluctuations.

3. Security - Having a rate guaranteed for a period of time gives you more flexibility when making