Date: March 20, 2024

Let’s Chat About Rates and Renewals: Your Go-To Guide

You’ve probably noticed that talk about mortgage rates and renewals is everywhere this year. It’s a hot topic, and for good reason. Let’s break it down into bite-sized pieces, making it super easy to digest. 

Rate Locks: What’s the Deal?

  • Lock It In Early: I know; you know, we can lock in a rate as early as 120 days before closing. Yep, it’s like calling dibs on a rate so you don’t get stuck with a higher one later.
  • Here’s What Happens: Let’s say we’ve locked your rate in, but your closing is still a few months out. Suddenly, your bank dangles a lower rate in front of you. Tempting, right? But, hold your horses—there’s more to the story.
  • Why You Should Check With Us First: Before you jump on that lower rate from the bank, give us a shout. Different lenders have different rules about dropping rates, and we might be holding back for the right time to ask that lender for a rate drop. 

Your Broker’s Got Your Back

  • Not All Drops Are Created Equal: Lenders aren’t always keen on dropping rates willy-nilly. That’s where we come in. We keep an eye on these things and are ready to snag the lowest rate for you at just the right time. Imagine your lender only allows one rate drop before closing, and we used it too early. That’s not going to help you.
  • It’s All About Timing: We’re like rate ninjas, picking the perfect moment to strike. Act too soon, and we might miss out on a better rate. It’s a game of strategy and patience.
  • Communication Is Key: Found a lower rate on your own? Cool, but chat with us before making any moves. We might have a good reason for not jumping on it right away. We’re in this together, after all.

This Is a Partnership 

  • We’re in It to Win It: Your smooth sailing through the mortgage process is our top priority. And, hey, we’re not just doing this for kicks—we care about our reputation and, more importantly, about you and your wallet.
  • Trust Goes Both Ways: If you’re willing to trust us with your mortgage, trust that we’re always hunting for the best options. We want you to come out of this feeling like a champ.

Wrapping It Up

Knowing the ins and outs of rate drops is why you need a good broker (hey, that’s us!). A good broker is worth their weight in gold, and the importance of keeping those lines of communication open can make all the difference. Remember, the best deal isn’t just about the lowest rate today—it’s about the best rate for you when it’s go-time. We’ll make sure you’re getting the best bang for your buck. Cheers to making smart, informed choices together!

Click here to book a time to connect. 

Talk soon, 


Mortgages can be complicated; we are here to help you make “cents” of it.

We focus on Mortgage Solutions, Period!

To learn more connect with Ana Cruz 905.870.0513 or email at