Rate Hold Period
The number of days the lender will guarantee the mortgage rate on a mortgage pre-qualification or mortgage pre-approval. This will vary between lenders and between mortgage product types, but the typical range is between 30 and 120 days.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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