Time is a crucial resource that every enterprise treasures and attempts to turn into a gain. In choosing document management software, focus on a clutterless and user-friendly interface that empowers customers. DocHub offers cutting-edge features to enhance your file administration and transforms your PDF editing into a matter of one click. Remove Line into the Interest Rate Lock Agreement with DocHub to save a ton of efforts and boost your productiveness.
Make PDF editing an simple and easy intuitive process that saves you plenty of precious time. Effortlessly adjust your documents and deliver them for signing without looking at third-party options. Focus on pertinent duties and improve your file administration with DocHub starting today.
- 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