What Happens If My Rate Lock Expires?

What happens if my rate lock expires? If your rate lock expires you need to know what to do to protect yourself. Mortgage companies and mortgage lenders handle expired rate locks differently depending on company policy, interest rates, and who dunnit. You may be in for a real shock if you loose your rate lock. Interest rates go up and down daily. You could end up with a rate much higher than you were originally quoted. Be sure to know when your mortgage rate lock is expiring so you can stay of top of your loan officer. (What to do if you loose your lock)

Mortgage Articles

What Questions To Ask When Shopping For A Loan Officer

Many of the problems in the mortgage and real estate industry are a result of inexperienced loan officers selling products that they had no knowledge of to people who had never had a mortgage before. Make sure you shop for your loan officer as much as you shop for the best interest rate. (click for Full Story)

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Should I Use A Mortgage Broker?

With all the stuff in the news this year about the mortgage industry and subprime loans it is no wonder why the mortgage and housing markets have come to a screeching halt. If I were looking to purchase a house in today’s market, I would be nervous too. Who can you trust? (click for Full Story)

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