Should i put a lock on my mortgage rate in a minute.....its for October ?
they want alot of money just to put a lock on it
Answers:
I was going to enunciate it will cost you a fortune. I would say no. If rates go up you can buy your rate down near what you would pay to lock now. If rates progress down or stay the same, look how much you have save. You can also have your loan office put you on a rate keep under surveillance. If rates are dramatically heading up you can then decide what to do.
boohoo -- I enjoy a 150 day lock on my rate sheet. It costs 1.5 points. I can't imagine what an 8 month lock would cost.
I suggest it can only be 40 days out
Related Questions:
I requirement a biddable mortgage rate by a talent company...what should i do?
Need the best rate and quality service help Go to a local broker that is well prearranged & ask friends & family of who they have used contained by the past. I am a broker in MI IN & MN....
Answers:
I was going to enunciate it will cost you a fortune. I would say no. If rates go up you can buy your rate down near what you would pay to lock now. If rates progress down or stay the same, look how much you have save. You can also have your loan office put you on a rate keep under surveillance. If rates are dramatically heading up you can then decide what to do.
boohoo -- I enjoy a 150 day lock on my rate sheet. It costs 1.5 points. I can't imagine what an 8 month lock would cost.
I suggest it can only be 40 days out
Related Questions:
I requirement a biddable mortgage rate by a talent company...what should i do?
Need the best rate and quality service help Go to a local broker that is well prearranged & ask friends & family of who they have used contained by the past. I am a broker in MI IN & MN....