Mortgages Made Easy Blog

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Get your mortgage rate checked before closing on your new-build home


When you’re in the final stages of closing on your new house, you have a million things on your mind. You might be thinking about what paint colours to buy, what furniture you need, or even what you plan to do with the backyard. The last thing you might be thinking about is checking your mortgage rate. That was finalized awhile ago anyway. Right? 

As a homebuyer of a new-build home, you likely had to apply for mortgage pre-approal to confirm to your builder that you have the funds to pay for the home. But remember: A pre-approval is just a rate-hold—not a binding approval.

We recommend you get your rate checked at least 90 days before closing on your new build home. You may be able to get a better deal! Rates may have gone down, or new borrowing options (with lower rates or better terms and conditions) may be available. 

At MortgagesMadeEasy.com, we compare mortgage deals from 30+ lenders and negotiate the best deals for your situation. If you want your deal compared, or have mortgage questions, apply online or contact us today.


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  • Ottawa-Carleton Mortgage Inc
    381 Richmond Road Ottawa,
    Ontario K2A 0E7
  • Phone: 613-563-3447
    (24 hours)
  • Fax: 613-563-3195

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