Whether you deal with papers daily or only occasionally need them, DocHub is here to assist you make the most of your document-based projects. This platform can clean certificate in Interest Rate Lock Agreement, facilitate user collaboration and create fillable forms and legally-binding eSignatures. And even better, everything is kept safe with the highest security requirements.
With DocHub, you can access these features from any place and using any platform.
Sean Reynolds from Summit Properties Northwest discusses interest rate locking with Dan Chapman from Fairway Independent Mortgage. Locking an interest rate secures a mortgage rate for a specific time, typically 30 days. This guarantees the borrower will not receive a rate worse than the locked one. Borrowers have the option to extend the lock if necessary, and there’s a small possibility for rate improvement even after locking in. The discussion also touches on potential costs associated with longer lock periods.