Locking in the rate simply means reserving a rate. Reserving a rate is how long a lender can guarantee a loan’s interest rate. Typically, banks and lenders can hold up to 120 days on most mortgage offerings; however, nesto can lock in a rate for up to 150 days on select offers.
If you are outside the 120-day window, use our mortgage affordability calculator to better understand your borrowing capacity and potential budget.