[GNC] Need help related to mortgages

[AnthonyLy]

I am planning to buy my first house in the near future. Have a few questions
about the buying process. From my understanding, the pre-approval rate that
you get may not be the same as the rate you get when you are actually
approved. You may receive a lower rate once your offer on a house is
accepted and you are applying for a mortgage. 
So, do you apply for a few mortgages after your offer has been accepted by
the seller? Would you just contact a few mortgage brokers and ask them the
best rate they can give you after your offer on the house is accepted? Are
there any penalties if you are already approved from one lender but don't go
through with it because you found a lower rate elsewhere? Is there any point
in going to multiple brokers for pre-approval?
Also, if I choose to go  with a three year fixed rate
<http://www.mortgagesmortgages.ca/rate-types/fixed-rate-mortgage/three-year-fixed-rate/>  
would that be a good idea or should I go with the variable rate?



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