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.
Since 1996 we are trusted advisors regarding your home loan or rental properties. We go the extra mile for all clients! Apply now.
Phone: (805) 419-9097
2150 Pickwick Dr. Suite 1716
Camarillo, CA 93011
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