Time is a vital resource that every company treasures and attempts to change in a benefit. When selecting document management software, pay attention to a clutterless and user-friendly interface that empowers consumers. DocHub provides cutting-edge tools to enhance your document managing and transforms your PDF file editing into a matter of one click. Hide Image in the Interest Rate Lock Agreement with DocHub in order to save a ton of efforts and boost your productiveness.
Make PDF file editing an simple and intuitive operation that helps save you plenty of valuable time. Easily adjust your documents and send them for signing without looking at third-party solutions. Concentrate on relevant tasks and increase your document 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