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Mortgage Refinance Information: Lock in Your Mortgage Interest Rate
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By Louie Latour

Locking in your mortgage interest rate is how loan originators guarantee an interest rate. The purpose of the lock is to allow you time to close on the loan at the interest rate you agreed. If you are unable to close before the rate lock expires, the mortgage lender could charge you a higher interest rate for the loan. Here are the basics of mortgage rate locks to protect you when refinancing your mortgage loan.

Wholesales mortgage lenders use a rate sheet listing the current day


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This entry was posted on Wednesday, November 1st, 2006 at 3:27 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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