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Remove Radio Button Groups from the Interest Rate Lock Agreement

Remove Radio Button Groups from the Interest Rate Lock Agreement

Aug 6th, 2022

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How to Remove Radio Button Groups from the Interest Rate Lock Agreement

4.6 out of 5

45 votes

in this episode of would group University were learning all about mortgage rate locks when to lock extending your lock fees floating down options and more [Music] [Applause] [Music] mortgage interest rates change everyday but you can lock your interest rate and set it for a specific period of time this allows you to protect yourself from market changes while you close on your home in most cases youll choose to lock your rate from 15 to 90 days this period is called your rate lock period and lenders allow you to select a specific time in 15 day increments most home purchases have a 30 to 45 day lock to match with your contract closing there are times where a longer rate makes sense like new construction some lenders offer a 180 day lock program for new bills to provide you the peace of mind on your payments while your home is being finished there are two fees associated with interest rate locks the initial lock fee and possible extension piece the initial rate lock fee is included wi

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