locking mortgage rates: Buyers Beware Your Interest Rate May Not Be Locked On Your Loan - 06/27/09 01:03 PM
Have you ever heard the term locking your rate?  It refers to locking your interest rate on your mortgage loan.
You can go through the process of getting approved for a mortgage and have your rate change before you get the loan.  You can get a quote on the interest rate but if it is not locked it may not be the rate you get when you close on your home.
Yes you read right.  Just because you are quoted a rate that may not be the rate you get at the time you actually close or finalize your purchase.
Many … (3 comments)

 
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375, Real Estate Services You can Trust! (Flexit Realty "Flexible Home Selling Solutions") Rainmaker large

Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375

Real Estate Services You can Trust!

Grand Rapids, MI

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Flexit Realty "Flexible Home Selling Solutions"

Address: Grand Rapids, MI, 49544

Office: 616-214-2388

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Grand Rapids Real Estate & West Michigan real estate markets, trends and issues discussed. Technical and personal thoughts pertaining to buying and selling real estate. How-to information, view 1000's of active listings. Go to our website for over 30 Free Reports that could save you thousands. For immediate service... Call: 616-784-2360 or Email: GaryWhite@FlexitRealty.com Flexit Realty® offers "Flexible Real Estate Home Selling Options"


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