Time is an important resource that every enterprise treasures and attempts to turn into a advantage. When choosing document management software, focus on a clutterless and user-friendly interface that empowers users. DocHub offers cutting-edge tools to maximize your file managing and transforms your PDF file editing into a matter of one click. Delete Circle from the Interest Rate Lock Agreement with DocHub to save a lot of efforts and boost your productivity.
Make PDF file editing an easy and intuitive operation that will save you plenty of precious time. Easily alter your files and give them for signing without having switching to third-party software. Concentrate on pertinent duties and enhance your file managing with DocHub right now.
- Im Sean Reynolds, the owner of Summit Properties Northwest and Reynolds and Kline Appraisal. And today I have with me Mr. Dan Chapman from Fairway Independent Mortgage, and were doing just a quick question-and-answer session on, we hear all the time, locking an interest rate. What does that mean? So Dan-- - Sure. - What does that mean? - When you lock your rate, youre locking in that rate for a specific period of time. And so, like I say, youre going to close your loan inside of 30 days, we would do a 30-day lock, and youre guaranteed no worse than that rate. - So youre locking in your interest rate for your mortgage? - Yep. - That youre going to be getting. - Yep, and youre guaranteed no worse than that rate. You can, actually, extend that lock, if you need to. So theres lock extensions. You can, actually, with the small possibility that your rate can improve, even though youve locked it in, but its no worse than that rate. - And so is there a cost to locking in a longe