Time is a vital resource that every business treasures and attempts to turn in a benefit. When selecting document management application, focus on a clutterless and user-friendly interface that empowers users. DocHub gives cutting-edge instruments to optimize your document administration and transforms your PDF editing into a matter of a single click. Replace Last Name Field to the Interest Rate Lock Agreement with DocHub to save a ton of efforts and increase your productivity.
Make PDF editing an simple and intuitive operation that helps save you a lot of precious time. Effortlessly adjust your files and give them for signing without the need of turning to third-party software. Concentrate on pertinent duties and improve your document administration with DocHub 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