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Interest rates are at record lows, and everybody you know is lining up to get a better rate. There is no downside, unless you get hit with unreasonable closing costs, which is really not happening very much lately. The rate is an improvement over what you had before. The Lender finishes up its underwriting, and informs you that your loan is “clear to close”, which means that a closing may be scheduled for you to end up with a better interest rate than you had before. That is reasonably easy to understand, and you may have the belief that the rest … (0 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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