personal finances: For Current Rate Locks & Refinancing: There's No Rule of Thumb - 06/20/16 05:09 AM
For Current Rate Locks & Refinancing:
There's No Rule of Thumb
 
     I'm working with a young couple that is currently obtaining financing for a newly constructed home (started the process in February this year).  During the last week, we reached the important step in their financing where we wanted to "lock-in" their loan interest rate, as their home is now nearing completion.       At the time their mortgage application was taken, I quoted what that day's going rate was for their financing.  Because the markets had been moving up and down somewhat erratically at that time, I'd advised we monitor the rates … (11 comments)

 
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280



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