Mortgage rates can change from the day you apply for a loan to the day you close the transaction. If interest rates rise sharply during the application process it can increase the borrower’s mortgage payment unexpectedly. Therefore, a lender can allow the borrower to "lock-in" the loan’s interest rate guaranteeing that rate for a specified time period, often 30-60 days, sometimes for a fee.
We've been helping customers afford the home of their dreams and resolving real estate related issues for many years. We love what we do and we're good at it!
Company NMLS: 339916
14497 N Dale Mabry Highway Suite 152
Tampa, FL 33618
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