Real estate blog entries tagged with transaprecy mortgage by Jay Oku (VAMC)

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Home : Blogs : Jay Oku : Jay Oku's Blog : Tag "transaprecy mortgage"

transaprecy mortgage: Rates~ Too Good To Be True if you can't Renogotiate your Lock? - 12/29/08 04:16 AM

If you have your Loan Officer (LO) lock in an interest rate on your approved loan and find out that rates dropped another .75% from 5.5% to 4.75% would you urge he/she to change banks to get the lower rate?
Are you aware of Rate Lock Renegotiation (RENO) and is your Mortgage Broker/Banker proactively looking to save you money by renogotiating your rate? This applies to VA and Conventional Loans.
As a mortgage broker this recent drop in rates has been both a blessing and a challenge. Fortunately, refinance applications have increased substantially, yet although rates have hit all time lows (4.375% with no points 12.17.08 and … (2 comments)

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Jay Oku

Haleiwa, HI

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VAMC

Address: 94-539 Puahi Street, Waipio, HI, 96797

Office Phone: (808) 441-5713

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