We all want a reasonable rate for our mortgage. When you lock in a mortgage rate, you guarantee the interest rate on your loan for a specific period. A lock-in provides several significant benefits for your mortgage payment experience that can help you save a lot of money. Check out this guide to learn more about the benefits of locking in mortgage rates. Why should I lock in my mortgage rate? When you lock in a mortgage rate, you agree to a set interest rate with your lender for a set period, usually 30 to 60 days. This gives you … Continue reading The Benefits of Locking in a Mortgage Rate and When It Is Advisable To Do So